INDIA STOCKS-Indian shares open higher as IT gains after Wipro's AI partnership with ServiceNow

ServiceNow, Inc.

ServiceNow, Inc.

NOW

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Updates for markets open

May 29 (Reuters) - Indian shares opened higher on Friday, led by IT companies after Wipro WIPR.NS expanded a partnership with a U.S. firm to scale AI adoption.

The benchmark Nifty 50 .NSEI rose 0.21% to 23,956.65, while the BSE Sensex .BSESN added 0.31% to 76,106.80, as of 9:20 a.m. IST.

The U.S. and Iran reached an agreement on Thursday to extend their ceasefire and lift restrictions on shipping through the Strait of Hormuz, sources told Reuters, though U.S. President Donald Trump has yet to approve it, and Iranian state media said it had not been finalized.

Brent crude futures LCOc1 dropped to $93 per barrel, while Asian markets .MIAPJ0000PUS jumped 1.6% on optimism over the U.S.-Iran deal and AI rally. MKTS/GLOB

Eleven of the 16 major sectors logged gains. IT index .NIFTYIT rose 2.3%, led by a 4.35% jump in Wipro WIPR.NS following a partnership with ServiceNow to implement agentic AI workflows.

The broader small- .NIFSMCP100 and mid-caps .NIFMDCP100 gained 0.4% and 0.3%, respectively.


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