Infosys Q3 results: Why Infosys share price may open lower after Infosys ADR price crash on NYSE

Infosys share price is expected to open with a downside gap on Friday as indicated by the IT giant’s American Depositary Receipt (ADR) listed on New York Stock Exchange (NYSE). Infosys ADR closed 5.77% lower at $21.57 on January 16, after the company reported its Q3 results.

The decline in Infosys ADR price suggests the likelihood that Infosys shares will open on weak note when the Indian stock market opens for trading on January 17.