Wipro shares jump 5% to become top gainer on Nifty; Here’s what ’s driving the rally

Shares of Wipro rallied 5.5% to an intraday high of Rs 486.40 from its previous close of Rs 461. The upsurge in the price of the company’s scrip came in after it won a deal of $500 million with a leading US Communication Service Provider.

Wipro will be providing managed services for some products and industry-specific solutions for five years, said the company in a stock exchange filing.