Indian ADRs end in the red

Indian ADRs ended on a negative note shrugging off gains on Wall Street as investors turned away from Indan shares over corporate earnings concerns.

IT companies posted losses, Wipro declined 0.7%, Genpact was off 1.1%, TCS fell 1.7%, and Infosys plummeted 0.7%.

India's Telephone service provider MTNL ADR was down 1%. From the  auto pack Tata Motors edged lower by 0.1%. 

From the healthcare space, Dr Reddy's was down 1.7%. From the metal pack, Sterlite Industries moved down 0.9%.

Investors cashed out of banking shares, HDFC Bank was off 0.8% and ICICI Bank declined 0.02%.