The Instanex Skindia DR Index, which tracks 15 actively traded Indian depository receipts, fell over one per cent to 501.18 points on Thursday in early trades.
The global depository receipt (GDR) of Ranbaxy Laboratories edged up 2.29 per cent to $15.65, while State Bank of India (SBI) jumped 0.32 per cent to $15.45. However, Larsen & Toubro (L&T) fell 4.91 per cent to $7.75. Reliance Industries Ltd (RIL) eased 2.08 per cent to $12.02 and Bajaj Auto dropped 2.04 per cent to $10.55 in early trades.
RIL and ITC were heavily traded in the morning session registering volumes of around 1,50,000 GDRs. On Wednesday, the ISDI shed 1.33 per cent to close at 501.92. The ISDI P/E ratio also eased by 1.21 per cent to 10.62 compared with 10.75 on Tuesday.
Meanwhile, Indian securities listed on the US exchanges took a hard knock on Wednesday. Infy, the Infosys Tech ADR, was among the worst hit, down $2.92 to $59.33. Wit, the Wipro ADR shed $1.07 to $27.65 and Say, the Satyam Computer ADR, fell 23 cents to $8.77. Redf, the Rediff.com ADR, was also a major loser, slumping over 16 per cent or 34 cents to $2.86.
HDB, the HDFC Bank ADR, also made a big loss of 65 cents to $15.87. However, Sify, the Satyam Infoway ADR, edged up 8 cents to $4.38 and MTE, the MTNL ADR, climbed 19 cents to $4.24.
Elsewhere, key Asian markets witnessed a mixed trend on Thursday. In Tokyo, the benchmark Nikkei 225 average slipped 0.96 per cent to 7,980.12. The broader Topix index ended 1.09 per cent lower at 792.42. Seoul
