Oil price drags US markets down; Satyam zooms 23%
US stocks fell on Wednesday after gaining for four straight days. Falling oil prices dragged energy shares down.
The Dow slipped 66 points to 8,675. The Nasdaq dropped 11 points to 1,826.
Indian ADRs were down.
Patni Computers slumped 9% to $10.4. ICICI Bank shed 5.5% to $30.03.
Infosys, Wipro, Sterlite and HDFC Bank declined 2.5% each to $35.28, $12.2, $14.11 and $99, respectively.
Genpact slipped a per cent to $10.73.
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However, Satyam skyrocketed 23% to $3.38. MTNL surged 5.5% to $4.82.
Tata Communications, Tata Motors and Dr Reddy's was flat.