Infosys ADR Soars 40% in Massive Short Squeeze, Triggers Trading Halt

• Infosys ADR surged nearly 40% in early US trade, hitting a 52-week high and triggering a trading halt.
• The sharp rise was driven by a massive short squeeze after a major lender recalled 45-50 million shares.
• Forced buying by short sellers in a thinly traded market caused an outsized price increase.
• The spike is purely technical and does not reflect any fundamental change for Infosys or the IT sector.
• Accenture's positive results suggest stable corporate IT spending, supporting Indian IT stocks.

Why It Matters: Infosys ADR's 40% surge was a technical short squeeze, not a fundamental change for the company.