Wipro shares were trading flat in mid-morning trading, in a weak market, ahead of the June quarter results scheduled later in the day. At 11:10 am, the shares were trading at Rs 227.10, lower by 0.2 per cent, on the BSE. The stock had touched an intra-day high of Rs 231.60 and a low of Rs 226.90 thus far.
The IT major had reported a net profit of Rs 2,326.1 crore for the quarter ended March 31, which had marked a decline of 5.29 per cent compared to the earlier December quarter's net profit of Rs 2,455.9 crore. Wipro's gross revenue during the March quarter, however, increased by 1.55 per cent to Rs 15,711 crore ancompared to the three-month period ended December 31.
The S&P BSE Sensex declined as much as 1.6 per cent - or 589.68 points - to 36,100.85 and the broader NSE Nifty 50 benchmark was a 10,627.80, down 175.45 points or 1.6 per cent at the time.