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Falling crude futures drag US markets

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BS Reporter Mumbai

Energy shares and a drop in crude oil futures dragged the US markets down on Monday.

The Dow shed 201 points (2.3%) to 8,339. The Nasdaq dropped 61 points (3.3%) to 1,766.

Indian ADRs were down. Satyam crashed 10.5% to $3.26.

Tata Communications, Sterlite and HDFC Bank slumped 7% each to $17.86, $11.44 and $97.06, respectively.

Wipro and Tata Motors plunged 6% each to $10.66 and $9.13, respectively. ICICI Bank shed 5.5% to $28.2.

Genpact slipped 4.5% to $11.33. Infosys dropped 3% to $35.07.

However, MTNL gained 4.5% at $3.76.

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First Published: Jun 23 2009 | 8:16 AM IST

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