Mixed data drag US markets; Satyam soars 14%
Mixed economic data of housing and Industrial production, along with a dissapointing sales figure of Best Buy, dragged the US markets on Tuesday.
The Dow slipped 107 points (1%) to 8,505. The Nasdaq fell 20 points (1%) to 1,796.
Indian ADRs were down.
Patni Computers slumped 4.5% to $10. Sterlite and Wipro dropped 3.5% each to $12.76 and $11.53, respectively.
Dr Reddy's slipped 2.5% to $14.5. Infosys, Genpact, MTNL and Tata Motors declined 1-2% each.
On the other hand, Satyam soared 14% to $3.92.