Wipro Faces Potential Trend Reversal Amid Broader Market Resilience and Small-Cap Gains

Wipro Ltd., a prominent player in the IT software industry, experienced a decline of 3.0% on April 3, 2025. This drop comes after two consecutive days of gains, indicating a potential trend reversal. The stock reached an intraday low of Rs 255.4, reflecting a decrease of 3.13%. Despite today's performance, Wipro outperformed its sector, which fell by 3.58%.
In terms of moving averages, Wipro is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day averages, suggesting a bearish trend in the short to medium term. Over the past week, the stock has declined by 5.95%, while its performance over the past month shows a significant drop of 9.78%.

In contrast, the broader market, represented by the Sensex, has shown resilience, recovering from an initial gap down of 805.58 points to trade at 76,333.44, down only 0.37%. Notably, small-cap stocks are leading the market today, with the BSE Small Cap index gaining 0.32%. Wipro's year-to-date performance stands at a decline of 15.28%, contrasting with the Sensex's decrease of 2.31%.