US stocks tumbled after weak data on new home sales heightened concerns about the pace of the economic recovery.

The Dow Jones industrial average dropped 119 points (1.21%) to 9,762 -- its third triple-digit drop in four days.The Nasdaq Composite Index slid 56 points, or 3% to 2,059.

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Mahindra Satyam plunged 10% to $4.51 and Tata Communication dropped 5% to $18.1, respectively.

ICICI Bank slipped 4% to $32.98 and Sterlite declined 3.5% to $15.53, respectively.

Wipro shed 3% to $18.17 and MTNL was down 2.5% to $3.11, respectively.

New Ipad Application :Business Standard's all new IPad App Click here to download for free Other Stories      - Markets end lower ahead of May F&O expiry - Parsvnath posts Rs 23 cr loss in Q4 - Educomp net down 57% at Rs 61 cr in Jan-Mar qtr - DLF Q4 net plunges 39% to Rs 211 cr - Provogue Q4 net profit down 71% at Rs 1.81 cr

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