Business Standard

Mixed data drag US markets; Satyam soars 14%

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BS Reporter Mumbai

Mixed economic data of housing and Industrial production, along with a dissapointing sales figure of Best Buy, dragged the US markets on Tuesday.

The Dow slipped 107 points (1%) to 8,505. The Nasdaq fell 20 points (1%) to 1,796.

Indian ADRs were down.

Patni Computers slumped 4.5% to $10. Sterlite and Wipro dropped 3.5% each to $12.76 and $11.53, respectively.

Dr Reddy's slipped 2.5% to $14.5. Infosys, Genpact, MTNL and Tata Motors declined 1-2% each.

On the other hand, Satyam soared 14% to $3.92.

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First Published: Jun 17 2009 | 8:24 AM IST

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