Over a dozen Indian ADRs trade on major US stock exchanges (plus a few additional Indian stocks that have OTC listings). These include large BPO or IT outsourcing MNCs like Infosys Ltd (NYSE: INFY), Wipro Limited (NYSE: WIT) and WNS Holdings Limited (NYSE:WNS) that tend to have more exposure to the US and global economies (because of their global presence) rather than the domestic Indian economy. On the other hand, Internet stocks like MakeMyTrip Limited (NASDAQ: MMYT), Sify Technologies Limited (NASDAQ: SIFY) and Yatra Online, Inc (NASDAQ: YTRA) would have considerable exposure to the Indian economy or in markets with large Indian communities. Finally and of the two big Indian telecommunications stocks, Tata Communications Limited (OTCMKTS: TTCMY) has since delisted from the OTC while Mahanagar Telephone Nigam Ltd (OTCMKTS: MTENY) now trades on the OTC.
In addition, there are two India closed-end funds: The India Fund, Inc (NYSE: IFN) and Morgan Stanley India Investment Fund Inc (NYSE: IIF). Investors need to look closely at the components of both funds as the former appears to have less exposure to the outsourcing sector (and to be more focused on Indian stocks with more local operations) than the latter.
Investors interested in investing in India should also check out our India ETF list, BICK ETF list, BRIC ETF list, China/India ETF list and South Asia ETF list as some multi-region or multi-country ETFs invest in Indian stocks.
List of India ADRs Trading on Major US Stock Exchanges
| Company | Ticker | Exchange | Sector | |
|---|---|---|---|---|
| 1 | Azure Power Global Limited | AZRE | NYSE | Utilities |
| 2 | Dr. Reddy's Laboratories Limited | RDY | NYSE | Pharmaceuticals |
| 3 | Eros STX Global Corporation | ESGC | NYSE | Media |
| 4 | HDFC Bank Limited | HDB | NYSE | Financial Services |
| 5 | ICICI Bank Ltd | IBN | NYSE | Financial Services |
| 6 | iGate Computer Systems | IGATY | Delisted | Outsourcing (IT) |
| 7 | Infosys Ltd | INFY | NYSE | Outsourcing (IT) |
| 8 | Mahanagar Telephone Nigam Ltd | MTENY | OTCQX | Telecommunications |
| 9 | MakeMyTrip Limited | MMYT | NASDAQ | Internet Services |
| 10 | Morgan Stanley India Investment Fund, Inc | IIF | NYSE | Closed-End Fund |
| 11 | Rediff.com India Limited | REDF | OTCDark | Internet Services |
| 12 | ReNew Energy Global plc | RNW | NASDAQ | Utilities |
| 13 | Sesa Sterlite Ltd | SSLT | Delisted | Mining (Iron Ore) |
| 14 | Sify Technologies Limited | SIFY | NASDAQ | Internet Services |
| 15 | Silverline Technologies | SVRTY | Delisted | Outsourcing (IT) |
| 16 | Tata Communications Limited | TTCMY | Delisted | Telecommunications |
| 17 | Tata Motors Limited | TTM | NYSE | Automotive |
| 18 | The India Fund, Inc | IFN | NYSE | Closed-End Fund |
| 19 | UltraTech Cement Ltd | UCLQF | OTCPink | Basic Materials |
| 20 | Wipro Limited | WIT | NYSE | Outsourcing (IT) |
| 21 | WNS Holdings Limited | WNS | NYSE | Outsourcing (BPO) |
| 22 | Yatra Online, Inc | YTRA | NASDAQ | eCommerce (Travel) |
* EmergingMarketSkeptic.com provides useful information that should not constitute investment advice or a recommendation to invest. In addition, your use of any content is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness of the content. Read More
Note: If there are any ADRs to add or remove from this list or there are bad links, please write a note in the comments section so it can be fixed. Likewise, adding any other comments or advice would also be appreciated.
India Stock Markets
Most equity trading in the Indian stock market takes place on two Indian stock exchanges:
- The BSE Ltd or Bombay Stock Exchange (BSE) is the largest and oldest (founded in 1875) stock exchange in India. It is also the oldest stock exchange in Asia and among the top ten largest stock exchanges in the world.
- The (National Stock Exchange of India Ltd (NSE) was founded in the early 1990s, was the world’s largest derivatives exchange in 2021, and is among the ten largest stock exchanges in the world. The NSE’s flagship index is the NIFTY 50 – a 50 stock index is used extensively by investors in India and around the world as a barometer of the Indian capital market.
- The India International Exchange Limited (India INX) is India’s first international stock exchange and subsidiary of Bombay Stock Exchange. It operates 22 hours a day, six days a week allowing international investors and Non-Resident Indians to trade from anywhere across the globe at their preferred time.
In addition and in the past, there were a number of smaller Indian stock exchanges in various big cities around the country.
India Stocks and Investing Resources
Here are some useful English news resources for investing in Indian ADRs or stocks or about India in general:
- Ahmedabad Mirror
- Ajay Shah’s Blog
- Alpha Ideas (Investment Blog for the Indian Markets)
- Business Standard
- Business Today
- BW Businessworld
- Capital Mind
- Deccan Chronicle
- Deccan Herald
- Economic & Political Weekly
- Fundoo Professor (Blog)
- Gaurav’s Blog (Inspiring Investment Insight in Indian Equities)
- Hindustan Times
- India Economic Monitor (Boston Consulting Group)
- Livemint
- Mid-Day
- Mumbai Mirror
- Orissa Post
- Screener.in (India Stock Screener)
- State Times
- The Asian Age
- The Assam Tribune
- The Economic Times
- The Financial Express
- The Hans India
- The Hindu
- The Hindu Business Line
- The Indian Express
- The Navhind Times
- The New Indian Express
- The Pioneer
- The Sentinel
- The Statesman
- The Telegraph
- The Times of India
- The Tribune
- TT Ram Mohan’s The Big Picture Blog (Indian Economy, Banking & Current Affairs)
- Value Investor India
For additional resources for investing in Indian ADRs or stocks, check out all of our India tagged articles/links and our India category.
Nice list