Track Indian ADRs: Live Prices, Charts & Analysis
Follow American Depositary Receipts of major Indian companies traded on the NYSE and Nasdaq — Infosys, HDFC Bank, ICICI Bank, Wipro, Dr. Reddy’s Laboratories and Sify Technologies. Prices are quoted in U.S. dollars and refresh automatically after the page loads, subject to U.S. market hours.
What is an India ADR?
An American Depositary Receipt (ADR) is a certificate issued by a U.S. depositary bank that represents shares of a foreign company. Each ADR corresponds to a fixed number of the company’s underlying shares, held in custody in the home market. ADRs trade on U.S. exchanges in U.S. dollars, settle through U.S. clearing systems and pay any dividends in dollars, which makes them the most convenient way for U.S. investors to own foreign businesses without opening an overseas brokerage account.
Several of India’s largest companies use ADRs to access U.S. capital markets. Infosys and Sify Technologies are listed on the Nasdaq, while HDFC Bank, ICICI Bank, Wipro and Dr. Reddy’s Laboratories trade on the New York Stock Exchange. These listings serve two purposes:
- Capital access and visibility: a U.S. listing widens the shareholder base, deepens liquidity and raises the company’s profile with global institutional investors.
- A tradeable proxy outside Indian hours: because the NYSE and Nasdaq operate while Indian exchanges are closed, ADRs let market participants observe how selected Indian businesses are being priced during U.S. hours.
That second point is why traders in India watch ADR prices closely. Overnight moves in Infosys or ICICI Bank ADRs often reflect U.S. investors’ reaction to earnings, global technology or banking sector news, and broad risk sentiment. When an ADR closes sharply higher or lower in New York, the corresponding domestic share frequently opens with a gap in the same direction on the NSE and BSE the next morning — making ADRs a useful early indicator of sentiment for those specific stocks and, at times, their sectors.
Keep in mind that an ADR price cannot be compared directly with the Indian share price. The comparison must account for:
- The depositary ratio — one ADR may represent one, two or another fixed number of underlying shares.
- Currency conversion — ADRs are quoted in U.S. dollars while domestic shares are quoted in rupees, so USD/INR movements affect the relationship.
- Premiums and discounts — differences in liquidity, investor demand and conversion restrictions mean ADRs can trade above or below their theoretical rupee-equivalent value.
This page is for market tracking and education only. It is not investment advice or a recommendation to buy or sell any security. Verify prices with your broker or the relevant exchange before making financial decisions.