US markets retreated from 12-month highs on Tuesday as disappointing housing and inflation data prompted investors to book recent profit.

Dow Jones industrial average dropped 50.71 points( 0.50%)  to end at 10,041.48. The Nasdaq Composite Index shed 13 points (0.59%) to close at 2,163.

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ICICI Bank was down over 1% at $40.72.

The other ADRs like Tata Communications, Tata Motors, Wipro, Sterlite and Genpact were down below 1% each.

MTNL on the other hand gained 3.5% at $3.63.

New Ipad Application :Business Standard's all new IPad App Click here to download for free Other Stories      - Markets extend losses, RIL down 3% - Prof Deepak Malhotra talks about building trust in negotiations - UIDAI next focus on services and applications - Goldman Sachs downgrades Maruti to sell - Zinc sheds 0.6% on weak global cues

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