Archive · 15 Sep 2026
Infosys, Wipro ADR Gains May Lift Indian IT Stocks Tuesday
Infosys and Wipro are Indian technology companies whose ADRs trade in the United States.
Their ADR prices rose on Monday, which could encourage buying in Indian IT stocks when markets reopen Tuesday.
Other technology companies, including Cognizant, ServiceNow and Accenture, also gained.
At the same time, many US technology stocks fell because investors were worried about spending on artificial intelligence.
Some AI leaders have said that advanced AI development should move more slowly.
This could hurt companies that make chips and build AI infrastructure.
However, investors may decide that slower AI growth could be better for traditional software and IT-services companies.
The Federal Reserve’s interest-rate decision and US economic conditions will also influence Indian IT stocks.
Infosys and Wipro ADRs rose 6% and 1%, respectively, in Monday’s US trading.
Cognizant, ServiceNow and Accenture ADRs gained between 5% and 8%.
The gains came despite a sharp sell-off in Wall Street technology stocks linked to AI-spending concerns.
Anthropic and OpenAI leaders’ calls for slower advanced-AI development fueled debate over future infrastructure spending.
The US Federal Reserve’s September 16 decision, bond yields, inflation and AI trends remain key risks for Indian IT stocks.
- Who
- Infosys, Wipro and other technology companies, along with investors, AI executives and the US Federal Reserve.
- What
- Infosys and Wipro ADRs gained sharply, potentially signaling stronger interest in Indian IT stocks.
- When
- The ADR gains occurred Monday, ahead of Indian markets reopening on Tuesday, September 15; the Federal Reserve decision is scheduled for September 16.
- Where
- The ADRs traded in the United States, while the expected market reaction concerns Indian stock markets.
- Why
- Investors are reassessing AI infrastructure spending and the potential effects of slower AI development on traditional software and IT-services companies, while also watching US rates and economic conditions.
AI Spending Concerns
Potential Software Rotation
Impact of slower AI development
AI Spending Concerns
A slower pace of advanced-AI development could reduce future spending on AI infrastructure and semiconductors, pressuring chipmakers and related technology valuations.
Potential Software Rotation
Investors may reassess slower AI development as less threatening to traditional software and IT-services companies, potentially encouraging a rotation toward software stocks.
Effect on Indian IT companies
AI Spending Concerns
Indian IT stocks remain exposed to weak earnings growth, cautious guidance, geopolitical uncertainty, higher US-rate expectations and concerns that AI coding tools could disrupt traditional outsourcing.
Potential Software Rotation
The recent gains in major technology ADRs may improve sentiment toward Indian IT companies, particularly if slower AI expansion reduces fears of rapid disruption to their services.
- Infosys ADR move
- Rose 6% in Monday’s US trading.
- Wipro ADR move
- Rose 1% in Monday’s US trading.
- Other technology ADRs
- Cognizant, ServiceNow and Accenture gained as much as 5%–8%.
- Market timing
- Indian markets were due to resume trading Tuesday, September 15.
- Federal Reserve decision
- Scheduled for September 16.
- Rate expectations
- Markets were pricing in about a 90% probability of a 25-basis-point rate hike.
- US Treasury yield
- The 10-year yield was around 5%, according to the article.