Business Standard

Indian ADRs in red, Infy crashes

Image

SI Reporter Mumbai

Indian ADRs end mostly in red. Infosys plunged 13% to $63.21 after reporting its annual numbers. A lower-than expected earnings estimate dragged the stock.

Wipro shed 5% to $14.07. Genpact dropped 2% to $15.28.

Banking stocks were down. ICICI Bank and HDFC Bank dropped 1.5% each.

Meanwhile, Tata Communications gained 2% at $11.54. MTNL added 1.3% to $2.21.

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Apr 16 2011 | 9:55 AM IST

Explore News