Wall Street slips, ADR drop

The Dow Jones industrial average slipped 42 points to 11,298. The Nasdaq dropped 15 points to 2135.

The Indian ADRs witnessed selling across the board yesterday. MTNL tumbled over 4% to $6.40. Patni Computers and ICICI Bank declined over 3.5% each to $17.57 and $26.35, respectively. Infosys, HDFC Bank, Wipro and Tata Motors were down around 2% each to $43.53, $56.35, $12.68 and $18.01, respectively.