Infosys ADRs surged 40% on the NYSE, hitting a 52-week high of $30 and triggering two trading halts. Analysts cite a combination of a short squeeze, automated trading glitches, and low holiday liquidity. Infosys clarified there were no material developments behind the sharp spike.
NFO flows hit a 5-year low in June quarter, SIPs stay robust
New fund offer collections by asset management companies fell significantly. Funds raised through new fund offers reached a five-year low in June. This sharp decline