The Dow Jones industrial average gained 44 points (0.53%) to 8,325. The Standard & Poor's 500 Index added two points (0.26%) to 899 but the Nasdaq Composite Index dropped nine points (0.51%) to 1,787.

Investors' concern about the recovery in economy boosted the defensive shares.

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Genpact was down marginally at $11.37. Tata Motors slipped 2% to $8.40.

Infosys dropped 1.22% to $5.77 and Patni Computers was flat at $10.74.

ICICI Bank shed 6.3% to $27.96 and Tata Communications declined around 2% to $19.30.

HDFC Bank tumbled around 7% to $94.97

New Ipad Application :Business Standard's all new IPad App Click here to download for free Other Stories      - Wall Street opens flat as data offsets Moody's warning - Thomas Cook India Q4 net jumps three times - Govt plans to make 30% sourcing from MSEs mandatory - Explain ways to cover govt loss on 3G roaming: TDSAT to telcos - Magma Fincorp plans to start gold finance biz in H1 of FY13

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