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Infosys ADR Surge Triggers NYSE Halts as Glitch Suspected

Infosys says no undisclosed developments as exchanges prepare a review into possible data errors driving algorithmic buying.

In the domestic market, Infosys shares ended the day at ₹1,638, marking a 0.7% gain on the NSE.
The Infosys ADRs, which had closed the previous session near $19.18, spiked to as high as $27 within minutes of the opening bell before volatility controls kicked in.
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Overview

  • Infosys ADRs jumped as much as 50–56% to an intraday high of $30 before NYSE limit up–limit down pauses and then surrendered most gains.
  • The company issued a regulatory filing stating there were no material events requiring disclosure related to the sharp price move.
  • Multiple reports cite ticker‑mapping or data‑feed inconsistencies that appear to have prompted algorithmic buying in a thinly traded ADR.
  • NYSE volatility safeguards halted trading twice, and U.S. exchanges and regulators are expected to examine the causes and controls.
  • India‑listed shares rose about 0.7% while Wipro’s ADR advanced over 7%, with Infosys ADRs showing peak intraday volume near 3.3 million and an RSI near 85.