Wipro: Wipro Sees Significant Open Interest Surge Amidst Challenging Market Conditions
Wipro Ltd. has seen a notable rise in open interest, reaching 42,470 contracts, alongside a trading volume of 28,098 contracts. Despite this activity, the stock has underperformed its sector and is trading below key moving averages, indicating a bearish trend and reduced investor participation.
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Wipro is an India-based IT consultancy that provides services such as digital transformation, cybersecurity and cloud computing for industries including retail and healthcare.
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