Indian Global Depository Receipts (GDR) started firm during early trades on Thursday. The Instanex Skindia DR Index (ISDI), which tracks 15 actively-traded Indian depository receipts, advanced by over one per cent to 474.
The GDRs of Ranbaxy fell 2.91 per cent to $15.68, Reliance Industries eased 2.58 per cent to $10.95, while Larsen & Toubro dropped 2.29 per cent to $8.55.
State Bank of India also tumbled 1.30 per cent to $15.20 and ITC lost 1.05 per cent to $14.15. The GDRs of State Bank of India were heavily traded in the morning session, registering volumes of over 1,00,000.
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On Wednesday, the ISDI shed 0.66 per cent to close at 478.63. The ISDI P/E ratio also dropped by 0.68 per cent to 10.08.
Meanwhile, Indian securities listed in the US ended flat on Wednesday. Infy, the Infosys Technologies ADS, shed $1 to $42.18. Sify, the Satyam Computer ADR, inched up $0.06 to $7.53, while Redf, the Rediff.com ADR, shed $0.18 to $6.27.
IBN, the ICICI Bank ADS, shed $0.03 to $5.75. SLT, the Silverline Tech ADR, ended unchanged at $1.37.
VSL, the VSNL ADR, also ended unchanged at $3.45. Wit, the Wipro ADR, lost $0.70 to $21.31. RDY, the Dr Reddy