Indian ADR Premium Tracker
Infosys, Wipro, ICICI Bank, HDFC Bank & Dr Reddy's — US ADR price vs NSE domestic price
Quick Summary
- An ADR (American Depositary Receipt) lets Indian companies list shares on US exchanges (NYSE/NASDAQ) — its price can trade at a premium or discount to the same company's NSE-listed shares.
- This tracker compares live ADR prices for Infosys, Wipro, ICICI Bank, HDFC Bank and Dr Reddy's against their NSE domestic price.
- A large ADR premium can hint at stronger overnight US sentiment for that stock, but it isn't tradeable directly by retail investors in India — it's a sentiment signal, not an arbitrage opportunity.
Average ADR Premium (5 stocks)
-0.85%US markets suggest weaker overnight sentiment toward Indian IT/banking stocks
TopFund Analysis
Of the 5 Indian ADRs tracked here, 2 trade at a premium to their NSE price and 3 at a discount, with an average discount of 0.85%. A broadly negative average (net discount) across the basket, right before the Indian market opens, has historically leaned toward a weaker Nifty open — though this is a directional tendency from overnight US trading, not a reliable prediction for any single day. Wipro shows the widest gap today, at a 3.55% discount to its NSE price.
ADR vs NSE Price
| Company | ADR Price | NSE Price | Implied ADR | Premium/Discount |
|---|---|---|---|---|
| Infosys INFY · 1 ADS = 1 share | $10.5 | ₹1,000.2 | $10.4319 | ▲ +0.6527% |
| Wipro WIT · 1 ADS = 1 share | $1.65 | ₹164.02 | $1.7107 | ▼ -3.5482% |
| ICICI Bank IBN · 1 ADS = 2 shares | $27.92 | ₹1,326.8 | $27.6766 | ▲ +0.8795% |
| HDFC Bank HDB · 1 ADS = 3 shares | $23.01 | ₹735.6 | $23.0165 | ▼ -0.0284% |
| Dr Reddy's Labs RDY · 1 ADS = 1 share | $12.25 | ₹1,201.0 | $12.5262 | ▼ -2.2051% |
Source: Yahoo Finance
Other Indian-Origin US-Listed Stocks
Listed directly on US exchanges — no NSE-listed counterpart, so no premium/discount applies
Genpact (G)
$33.1
▼ 3.05%MakeMyTrip (MMYT)
$46.75
▼ 2.44%Sify Technologies (SIFY)
$13.35
▼ 2.27%Frequently Asked Questions
What is an ADR premium or discount?
An ADR premium means the US-listed depositary receipt is trading higher than its domestic NSE-listed shares would imply after currency conversion and ratio adjustment. A discount means it's trading lower — reflecting overnight US investor sentiment toward that specific stock.
Does Indian ADR premium predict Nifty's opening?
It's a widely-watched but imperfect signal. A broad positive premium across ADRs often suggests firmer sentiment for related NSE stocks the next day — but it is not a guaranteed predictor and shouldn't be used in isolation.
How is the implied ADR price calculated?
Implied ADR price = (NSE price in INR × ADR ratio) ÷ USD/INR exchange rate. The ADR ratio is the fixed number of domestic shares each ADS represents — e.g. 1 HDFC Bank ADS = 3 domestic shares, verified against SEC deposit agreement filings.
Disclaimer: ADR and NSE prices are sourced from public market data feeds and refreshed periodically — there may be a short delay between US and Indian market hours. This is not investment advice and should not be used as the sole basis for any trading decision.