Indian ADRs end mostly lower

Image
SI Reporter Mumbai
Last Updated : Jan 20 2013 | 9:33 PM IST

Most of the Indian ADRs ended on a negative note following weakness across Wall Street led by lower than expected services sector growth.

Indian IT ADRs logged losses, Wipro fell 1.8%, TCS was off 2.8% and Infosys declined 0.8%. However Genpact bucked trend, was up 1.5%

From the auto pack Tata Motors edged down 1.5%. Among the healthcare space, Dr Reddy's slipped 4.3%.

Banking ADRs also ended in the red, HDFC Bank was down 0.3% and ICICI Bank ended declined 0.6%.

From the metal pack, Sterlite Industries was off 1.1%. Among the only gainer, India's Telephone service provider MTNL ADR surged 3.3%.

More From This Section

First Published: May 05 2011 | 8:54 AM IST

Next Story