ITC GDR slips 2%

ADR/GDR REPORT

The Instanex Skindia DR Index (ISDI) was up 1.22 per cent to 1,037.08 on February 4 in early morning trades in the western markets. Among ISDI global depository receipts, five advanced and one remained unchanged and one lost ground.

The major gainers were Bajaj Auto up 7.87 per cent to $24.00 registering volumes of 14,000 GDRs, Reliance up 3.45 per cent to $30.00, registering volumes of 175,726 GDRs and L&T up 3.41 per cent to $22.75, registering volumes of 8,645 GDRs.

The only loser was ITC down 2 per cent to $24.50, registering volume of 14,948 GDRs.

The major gainers were ICICI Bank up 4 per cent to $15.86 registering volumes of 473,600 ADRs, followed by Dr Reddy's.