Trading halted in Infosys ADR on NYSE after massive surge of nearly 40%

Infosys Ltd’s American Depositary Receipt (ADR) soared more than 38%, last quoted at nearly $27, before trading was halted on the NYSE, according to Reuters. Similarly, Gift Nifty futures also traded over 220 points. Infosys shares closed at ₹1,638 apiece, ending 0.7% higher on the NSE.

Earlier on Friday morning, Indian IT majors logged in gains as investors reacted to Accenture’s first-quarter results announced late Thursday. Shares of Infosys Ltd, TCS Ltd, Tech Mahindra Ltd, Wipro Ltd, and HCLTech Ltd, along with several mid-cap names, traded higher in morning deals.

Accenture reported better-than-expected Q1 revenue growth of 5%, but kept its full-year revenue guidance unchanged at 2–5%, excluding a 1% contribution from U.S. government business. The company also maintained its organic growth outlook for FY2026 at 0.5–3.5%, signaling continued caution on discretionary spending.

Management reiterated that overall tech spending remains flat compared to last year, with no macro tailwinds or catalysts yet visible. However, Generative AI (GenAI) continues to gain traction:

AI contributed 11% to new bookings and 6% to overall revenue.

Advanced AI bookings surged 76% YoY to $2.2 billion, while revenue more than doubled to $1.1 billion.

Accenture said it will stop reporting AI metrics separately, as the technology is now embedded across most client engagements.

Brokerage Motilal Oswal noted that margins will be key to watch as the industry shifts to outcome-based pricing. It expects AI services demand to pick up from mid-2026, once hardware-led AI capex intensity moderates. The March–April 2026 budget reset could serve as an early indicator of demand trends.

Meanwhile, the Nifty IT index has been staging a rebound, up 7.5% over the past month, gaining in five of the last six sessions and trimming its 2025 losses to 10.5%.

What’s an ADR?

An ADR (American Depositary Receipt) is a way for US investors to buy shares of foreign companies on American exchanges without dealing with foreign markets or currencies.