Mumbai/IBNS, June 5 -- Market sentiment towards Wipro Ltd. diverged sharply from the broader optimism surrounding the information technology sector on Friday, with the company's shares plunging nearly 7.9 percent in early trade, media reports said.

However, Wipro remained under pressure and was trading more than 4 percent lower later in the session.

Wipro's decline came even as several major IT stocks traded in positive territory.

Shares of Tech Mahindra, Coforge, Tata Consultancy Services (TCS) and Infosys registered gains to varying degrees, highlighting the stock-specific nature of the selloff in Wipro.

The stock has come under pressure amid growing concerns over artificial intelligence-related spending and demand trends across the...