Wipro Share Price Today:  Shares of IT company Wipro fell more than 9% on Monday after the company gave the same sequential growth guidance. The stock fell 9.28% to settle at Rs 505.55 on the BSE. On Friday, it fell 9.95% to close at Rs 501.80. It declined 9.30% to Rs 505.35 on the NSE.

Meanwhile, shares of heavyweight Reliance Industries fell 3% after posting negative growth in single operations in the latest quarter.

Wipro shares fell over 9%

On the NSE, it fell 9.30% to Rs 505.35 a piece. The stock emerged as the biggest laggard among NSE Nifty firms. The company's market value fell by Rs 27,024.26 crore to Rs 2,64,426.64 crore. Wipro’s June quarter consolidated net profit rose 4.6% year-on-year to Rs 3,003.2 crore on Friday. The Bengaluru-headquartered firm’s first-quarter revenue, however, fell 3.8% to Rs 21,963.8 crore.

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The company said it expects revenue from the IT services business segment to be between US$2.6 billion and US$2,652 million in the September quarter.

Reliance shares fell over 3%

Shares of Reliance Industries Ltd, India's most valuable company by market capitalization, fell more than 3% on Monday.
The blue-chip stock fell 3.49% to close at Rs 3,001.10 on the BSE. The stock fell 3.56% to Rs 2,998.80 on the day NSE fell 3.41% to Rs 3,004. The company's market value was wiped out by Rs 73,470.59 crore to Rs 20,30,488.32 crore.

In terms of traded volume, 1.90 lakh shares of the company were traded on BSE and 98.37 lakh shares on NSE during the day. Heavy selling pressure from Reliance Industries also dragged down the benchmark index.

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