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On 20 December 2025, 02:30 AM IST
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They were trading at $19.04, down $1.18 pr 5.84% around 10:24:33 AM ET (9:15 PM ET). Meanwhile, Wipro ADR was down 0.49% at around $3.04.
India’s two major IT services companies corrected despite a positive trend in frontline Wall Street indices and a strong showing on D-Street earlier today. Shares of Infosys and Wipro closed around 3% higher on the NSE today.
Also Read: IT stocks rise up to 4% after soft US labor data and soft inflation boost hopes of Fed rate cut
Among the US benchmark indices, the S&P was marginally ahead of its two peers, the Dow 30 and the Nasdaq Composite, at this point. All three were trading around half a percent higher.
India’s second-largest IT services company, Infosys, on Saturday issued a statement on the massive increase in its ADRs on the New York Stock Exchange (NYSE), saying there were no material events related to the move that required disclosure.
“The Company has observed volatility in the price of its American Depositary Receipts (“ADRs”) on the New York Stock Exchange (“NYSE”) on December 19, 2025, resulting in the triggering of two volatility trading pauses (“Limit Up-Limit Down”/”LULD”) by the NYSE. Under the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 Disclosure,” said the exchange filing.
Also Read: Infosys ADRs 40% spike linked to “freak” technical glitch, says report
They finally settled at $20.22, up $1.04, or 5.42%, amid large volume totaling 118.7 million. Infosys ADRs rose more than 5% on Thursday and 2.5% on Wednesday, according to Investing.com data.
The rally for Infosys’ ADRs was partly due to Accenture’s first-quarter earnings that beat Wall Street expectations on Thursday.
Accenture’s revenue beat was driven by strong demand for its artificial intelligence-powered IT services. Its shares traded up 0.85% at $274.57 on the Nasdaq at the time.
The company expects full-year revenue growth of 2% to 5% in local currency in its fiscal 2026 forecast. “Excluding an estimated 1% impact from its US federal business, the company expects revenue growth to be 3% to 6% in local currency,” the company said in a filing.
Accenture’s results are often seen as a harbinger for the broader IT sector and indicate trends for the Indian IT sector.
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