The IT services provider announced the launch of its Microsoft business unit that will focus on the development of solutions leveraging Microsoft's enterprise cloud services. The business is part of Wipro’s expanded global alliance with Microsoft to accelerate cloud adoption.

Shares of the company declined Rs 7.85, or 4.62%, to settle  at  Rs 161.95.  The total volume of shares traded  was  347,816 at  the BSE (Thursday).