US markets mixed, Tata Communications tank

US markets ended mixed on Tuesday as the Nasdaq edged up on news of a railroad acquisition. The Dow, however, slipped on statements of the US Federal reserve.

The Nasdaq was up eight points at 2,057. The Dow slipped 18 points to 9,772.

Indian ADRs were mixed.

Tata Communications slumped 8% to $14.94.

Sterlite shed 2.5% at $15.69. Dr Reddy's dropped 2% to $22.49.

Wipro and Patni Computers were down around 1% each.

Meanwhile, Tata Motors added 2% to $11.98. Genpact and ICICI Bank advanced 1% each to $12.14 and $33.09, respectively.