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US markets slip; Nasdaq, Dow drop 1%

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BS Reporter Mumbai

US markets slipped on Tuesday on a sharp drop in wholesale inventories data. The Dow closed down 96 points (1%) to 9,242. The Nasdaq dipped 23 points (1%) to 1,970.

Indian ADRs were in the red.Tata Communications slumped 5.5% to $18.99.

Mahindra Satyam slipped 4% to $5.28. Wipro, Genpact and HDFC Bank dropped 2.5% each to $15.23, $12.37 and $92.87, respectively.

Infosys, Patni Computers, ICICI Bank, MTNL and Sterlite were also down marginally.

However, Dr Reddy's added 1.2% to $16.36.

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First Published: Aug 12 2009 | 8:12 AM IST

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