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US markets end flat; Tata Motors sheds 7%

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BS Reporter Mumbai

U S stocks rebounded in late trades on Wednesday after a choppy session with the Dow and Nasdaq advancing marginally as investors hoped that corporate results would beat estimates as the quarterly earnings season prepared to start off.

The Dow Jones industrial average gained 15 points (0.18%) to 8,178. The Standard & Poor's 500 Index dropped 1.45 points (0.17%) to 880. The Nasdaq Composite IXIC added one point( 0.06%) to 1,747.

The Indian ADRs slipped on Wednesday. Genpact advanced marginally to $11.31 and Tata Communications slipped 1.43% to $18.59.

Tata Motors shed 7% to $7.64 and Infosys dropped 2.75% to $34.29.

 

Patni Computers tumbled 5.30% to $19. HDFC Bank slumped 2.75% to $91.36.

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First Published: Jul 09 2009 | 8:08 AM IST

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