Energy shares and a drop in crude oil futures dragged the US markets down on Monday.
The Dow shed 201 points (2.3%) to 8,339. The Nasdaq dropped 61 points (3.3%) to 1,766.
Indian ADRs were down. Satyam crashed 10.5% to $3.26.
Tata Communications, Sterlite and HDFC Bank slumped 7% each to $17.86, $11.44 and $97.06, respectively.
Wipro and Tata Motors plunged 6% each to $10.66 and $9.13, respectively. ICICI Bank shed 5.5% to $28.2.
Genpact slipped 4.5% to $11.33. Infosys dropped 3% to $35.07.
However, MTNL gained 4.5% at $3.76.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app