Indian ADRs drop on Tuesday

Indian ADRs were in the red on Tuesday with communication stocks slumping in trades.

MTNL tumbled 4% to $2. Tata Communications shed 3% at $9.90.

ICICI Bank slipped 3% to $42.41. HDFC Bank was down 1.2% at $141.93.

Sterlite dropped 1.3%, while Genpact, Wipro, Tata Motors and Dr Reddy's were down nearly 1% each.

However, Patni Computers gained 1.5% at $20.31.