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Indian ADRs end mostly negatively

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SI Reporter Mumbai
Last Updated : Jan 20 2013 | 9:33 PM IST

Most of the Indian ADRs ended on a negative note following weakness across Wall Street as investors fretted over the upheaval in commodity prices and concerns that economic recovery was losing steam also loomed.

Indian IT ADRs logged losses, Infosys was off 1.4%, TCS and Wipro dipped 0.6% each, and Genpact slumped 2%.

Banking ADRs also ended in the red, HDFC Bank lost 0.8% and ICICI Bank declined 0.7%.
 
From the auto pack Tata Motors bucked trend and was up 0.4%. Among the healthcare space, buying emerged in Dr Reddy's after fourth quarter net profit zoomed 17%, the ADR surged 2%.

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First Published: May 14 2011 | 12:25 PM IST

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