The US indices ended deeply in red on the back of fears that credit crises could lead the economy into deep recession. The Dow Industrial Average index plunged 508 points to 9,447. The Nasdaq shed 108 points at 1,745.
The Indian ADRs, too, ended with deep cuts. MTNL nose-dived 19% to $3. Wipro plunged 14.5% to $7.62. Infosys, Genpact, Sterlite, Satyam, Patni Computers, HDFC Bank, Tata Motors, Dr.Reddy's and Tata Communications were down around 5-10% each.
