US markets end down; MTNL surges 8%
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.
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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.