Indian ADRs end in red

Indian ADRs ended in the red once again. MTNL slumped 5.2% to $1.62. Tata Motors slipped 3.5% after being overtaken by Mahindra & Mahindra in the Indian markets as the most valued auto firm.

Dr Reddy's dropped 2%. Sterlite, HDFC Bank and Patni Computers dropped 1.5% each. Among the other losers were ICICI Bank, Wipro, Infosys and Genpact.