Dow drops 111 pts

Falling oil prices and a rising dollar pulled the US indices lower on Thursday. While the Dow Jones dropped 111 points to 10,189, the Nasdaq fell eight points to close at 1,964.

Indian ADRs, too, crumbled yesterday. Infosys dropped 2.72% to $59.83, while Satyam and Wipro ended marginally lower at $21.89 and $18.69, respectively.

While HDFC Bank, ICICI Bank, Dr. Reddy's, VSNL and MTNL, too, finished at weaker levels, Tata Motors emerged as the sole gainer to close at $9.91.