Wipro Share Price Live Updates: Explained: Why TCS, Infosys, Wipro & other IT stocks may tumble after IBM's historic 25% plunge

IBM suffered its steepest-ever one-day fall of 25 percent on weak preliminary quarterly results, raising concerns of selling pressure across Indian IT stocks. Major Indian IT names including TCS, Infosys, Wipro, HCLTech, Tech Mahindra, Persistent Systems and Coforge may tumble in sympathy. Wipro traded at Rs 177.14 with a market cap of around Rs 1.75 lakh crore and has declined about 12.7 percent over the last three months.