Wipro's shares plummet after it predicts a revenue drop in Q1FY26, citing global uncertainties.

Wipro's shares fell 6% after the company projected a weaker outlook for Q1FY26, expecting a 1.5-3.5% drop in IT services revenue due to global uncertainties, including trade tariffs. Despite a 26% increase in Q4 net profit, analysts downgraded their ratings and target prices, citing macroeconomic concerns and muted revenue growth. The IT sector faced broader selloff, affecting major companies like Infosys and HCL Technologies.