India’s information technology sector took a sharp hit Friday as shares of major firms dropped following renewed fears of retaliatory tariffs by the United States’ global trading partners.

Wipro share price has declined 6.5 percent over the last one week and the stock is currently looking weak on technical charts.

Wipro reported strong quarterly results and the stock opened almost 8 percent higher in today's session. The stock touched intraday high at Rs 305 by the time of publication of this report.

Wipro touched 52-week high in today's session and the current technical charts suggest a bullish breakout in the technology major's stock.

Wipro, a leading IT services company, saw its shares surge by nearly 6% on Friday following the announcement of a 21.2% year-on-year increase in consolidated net profit for the second quarter of FY

Wipro Share Price could remain bullish as the company board is considering bonus issue.