As Accenture shares surged post its strong results or earnings numbers for the quarter, other IT stocks, specifically Indian IT companies and their ADR, or American Depositary Receipt, surged. This, however, did not translate into a triumphant trading day on Dalal Street on Friday for these IT companies, namely Wipro and Infosys.

ADR Surges

Here, an American Deposit Receipt is a financial tool used by corporations from outside of the United States to participate in the markets without listing an Americanised entity in the American equity markets. In short, these tools, that is, the ADR help American investors to trade, that is buy and sell shares of foreign companies on US stock exchanges.

Accenture's stocks surged by over 7 per cent as the trading say came to a close on 19 December.

When we look at the performance of Indian equities on the last day of this trading week, on Friday, December 20, Infosys and Wipro declined at the bourse.

Infosys Ltd

At first, the Bengaluru-based Infosys started the day's trade on Rs 1,975.15, much above the Rs 1,946.20 mark, where it had closed on Thursday. However, the early morning gains were washed out, eventually entering the red territory.

By the end of the day, the shares of the company declined by a cumulative 0.95 per cent or Rs 18.40. This took the overall value of the company shares to Rs 1,927.80 per piece. 

In the US, Infosys's ADR surged 3.58 per cent to USD 23.46.

Wipro Ltd

When it comes to another company from the Silicon Valley of India, Wipro, the company shares took an even bigger hit. The company shares dropped significantly, by the time, the markets closed for trading for the week, the decline amounted to a mammoth 2.21 per cent or Rs 6.90.

This took the overall value of the company shares to Rs 305.85. Like Infosys, Wipro shares also started the day on a note higher than the previous closing, only decline further.  

When it comes to Wipro, the IT company's ADR climbed nearly 2.4 per cent to USD 2.7171.