Wall St slips again; Indian ADRs drop

Persistent worries on rising interest rates and slowing economy saw the US indices ended lower for yet another day. The Dow Jones industrial average dropped 86 points to 10,706. The Nasdaq slipped 19 points to 2,072.

Indian ADRs dropped as well. VSNL plunged 6% to $13.51. Wipro and MTNL slumped nearly 4% each to $10.35 and $6.30, respectively. Tata Motors, Patni Computers, Infosys, Satyam, HDFC Bank and Dr.Reddy's were down 1-3% each.