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Indian ADRs end mostly lower

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SI Reporter Mumbai

Most of the Indian ADRs ended on a negative note following weakness across Wall Street led by lower than expected services sector growth.

Indian IT ADRs logged losses, Wipro fell 1.8%, TCS was off 2.8% and Infosys declined 0.8%. However Genpact bucked trend, was up 1.5%

From the auto pack Tata Motors edged down 1.5%. Among the healthcare space, Dr Reddy's slipped 4.3%.

Banking ADRs also ended in the red, HDFC Bank was down 0.3% and ICICI Bank ended declined 0.6%.

From the metal pack, Sterlite Industries was off 1.1%. Among the only gainer, India's Telephone service provider MTNL ADR surged 3.3%.

 

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First Published: May 05 2011 | 8:54 AM IST

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