Dow drops 85pts, Infy down 4%

Stocks declined on Wall Street as investors turned bearish on auto scrips, and GM dropped nearly 3% yesterday. While the Dow was down 85 points to 10,461, the Nasdaq Composite declined 19 points to 1,999.

Indian ADRs, too, largely finished on a bearish note. Infosys tanked nearly 4% to $68.26. Wipro, Satyam, ICICI Bank and HDFC Bank also declined. Tata Motors, however, was up 2% at $9.70.