Reliance, L & T Gdrs Slip
Indian global depository receipts opened flat on Tuesday in early trades in London. The Instanex Skindia DR Index, which tracks 15 actively traded Indian depository receipts, remained more or less unchanged at 477.73.
Among ISDI GDR stocks, three advanced and two lost ground. The State Bank of India GDR traded up 0.66 per cent to $15.20. Hindalco climbed 0.56 per cent to $12.67 and Ranbaxy Laboratories edged up 0.19 per cent to $15.48.
However, Reliance Industries shed 1.01 per cent to $11.80 and Larsen & Toubro slipped 0.12 per cent to $7.99 in early trades.
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On Monday, ISDI edged up 0.08 per cent to close at 477.81. ISDI P/E ratio also inched up by 0.08 per cent to 10.08.
Meanwhile, most Indian securities listed on the US exchanges advanced. Infy, the Infosys Tech ADR climbed 20 cents to $43.80. Sify, the Satyam Infoway ADR advanced 45 cents to $4.72 while Redf, the Rediff.com ADR rose 37 cents to $4.05.
SLT, the Silverline Tech ADR edged up 5 cents to $1.10, Say, the Satyam Computer ADR climbed 11 cents to $7.55. But Wit, the Wipro ADR fell 46 cents to $21.14. Pharma major, RDY, the Dr Reddy