After a brutal two-day selloff that saw Infosys and Wipro ADRs plunge as much as 14.5%, Friday’s session brought a much-needed breather. Bargain hunting kicked in at lower levels, sparking a sharp rebound as Infosys climbed 4% while Wipro gained 3%—helping both stocks close the week on a far stronger note. As much as Rs…
Infosys’ American Depositary Receipts (ADRs) reversed Thursday’s losses on Friday, surging 4% in early trade to hit the day’s high of $14.77 while Wipro’s ADRs were up 2.2% to $2.33 despite a selling pressure on the Nasdaq Composite and weak trade in domestic IT stocks for yet another session today. Frontline indices on the Wall…
As major indices on the Wall Street surged on Monday, the American Depository Receipts (ADRs) of India’s frontline IT companies Infosys and Wipro rallied up to 3%. While the Infosys ADRs gained 2.2% to hit the day’s high of $18.82, Wipro ADRs were up at $3.05, rising by 3%. The mood remained upbeat with Dow…