Indian ADRs continue to slide

The Nasdaq slipped 10 points to 2333. The Dow Jones was marginally down (11 points) at 11,336.

The Indian ADRs continued to witness selling pressure. HDFC Bank plunged 6.5% to $57.44, and ICICI Bank tumbled over 3% to $27.22. Infosys and Dr.Reddy's dropped 1.5% each to $80.20 and $32.65, respectively. Patni Computers was down 1% at $19.71.

However, Satyam and MTNL advanced over 1% each to $36.17 and $9.19, respectively.