Infosys ADR Surges 40%, NYSE Halts Trading: What Sparked The Spike?

• Infosys ADR spiked over 38% in early US trading, briefly touching $27, leading to a NYSE halt.
• The halt was due to extreme price volatility without any company-specific announcement from Infosys.
• The rally was driven by positive sentiment from Accenture's better-than-expected Q1 results, indicating stable global IT spending.
• ADRs allow US investors to trade foreign shares; their movements can differ from domestic prices.
• Infosys shares in India saw only marginal gains, suggesting the ADR spike was US market-driven.

Why It Matters: Infosys ADR halted on NYSE after a 40% surge, fueled by positive Accenture results, not company news.