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Infosys ADRs tumble 5%, Wipro falls over 3% as Wall Street is rattled by inflation data and AI fears
Stock Market

Infosys ADRs tumble 5%, Wipro falls over 3% as Wall Street is rattled by inflation data and AI fears

Infosys’ American Depositary Receipts (ADRs) fell 5% on the NYSE to hit a low of $13.99 on Friday as AI-induced fears over the likely impact on Wall Street firms weighed. To make matters worse, wholesale inflation rose sharply to 2.9% in January, far higher than estimates of 1.6%, pushing markets the wrong way, according to […]

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Infosys ADRs fall over 7%, Wipro falls 5% as technical turbulence increases on Wall Street
Stock Market

Infosys ADRs fall over 7%, Wipro falls 5% as technical turbulence increases on Wall Street

Infosys’ American Depositary Receipts (ADRs) fell more than 7% on Thursday, hitting an intraday low of $14.59 in early trade, while Wipro’s ADRs fell 5.4% to $2.26. The sharp decline follows a steep sell-off in IT stocks on Indian stock markets, with the weakness spilling over to Wall Street.The broader U.S. tech drag added pressure […]

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