Infosys, Wipro ADRs Today: American Depository Receipt (ADR) shares of India’s leading information technology (IT) service providers Infosys and Wipro witnessed a sharp rise on the New York Stock Exchange (NYSE) after global IT major Accenture’s first-quarter earnings beat Wall Street estimates across most metrics.
American Depositary Receipt (ADR) is a tool for foreign and multinational companies to trade on US stock markets, just like regular shares of US companies. In theory, an ADR is similar to a special certificate issued by a US bank.
infosys 23.46, 3.58%
wipro 2.7171 2.40%