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Indian ADRs on 5 May 2022

6 May 2022 • Parikshit Singh

ADR NameClosing PriceChange
Infosys20.31-1.46%
Wipro6.34-2.31%
ICICI Bank18.85-2.73%
Tata Motors27.3-2.74%
HDFC Bank53.4-3.35%
Dr. Reddy’s51.01-3.65%

American Depository Receipts or ADRs are financial instruments just like shares but they trade on the US exchanges and therefore they trade in US Dollars.

Indian ADRs offer investors in the US a way to purchase stocks in Indian companies and only a handful of Indian companies have ADRs listed in the US.

Traders can observe the ADRs for any hint of movement of their Indian counterpart. They may also get clues of the opening levels for these Indian players depending on their movement the previous day in the US.

HCDEN Insights reflect the opinions of only the authors who are associated persons of the company and do not reflect the views of Hal Clyde Denison Limited or any of its subsidiaries or affiliates. They are for informational purposes only, and are not a recommendation of an investment strategy or to buy or sell any security, digital asset (cryptocurrency, etc) in any account. They are also not research reports and are not intended to serve as the basis for any investment decision.

All investments involve risk including the loss of principal and past performance does not guarantee future results.