Fresh worries of the budget deficit dragged US markets down on Thursday, with stocks of manufacturing companies taking the brunt.
The Dow shed 130 points (1.5%) at 8,292. The Nasdaq slipped 33 points (2%) to 1,695.
Indian ADRs ended mostly down.
Sterlite and Tata Communications plunged 5% each to $10.77 and $24.74, respectively.
Infosys, Genpact and Wipro dropped 2% each to $31.53, $10.39 and $10.87, respectively.
Satyam and ICICI Bank declined 1.5% to $1.92 and $28.01, respectively.
Also Read
Meanwhile, MTNL surged 8% to $3.84. Tata Motors rallied 7% to $9.55.
Dr Reddy's added 1% to $13.05. Patni Computers and HDFC Bank ended flat.
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