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Wall St slips again; ADRs drop too

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BS Reporter Mumbai

The Wall Street ended in red yet again as financials and energy stocks slipped on Monday. The Dow Jones industrial average dropped 42 points to 11,284. The Nasdaq was down 25 points at 2,286.

The Indian ADRs, too, were mostly in red. Sterlite slumped 5.8% to $13.54, and Wipro plunged 5.4% to $10.82. ICICI Bank and Tata Communications dropped over 3.5% each to $29.35 and $19.80, respectively. Tata Motors slipped 2.7% to $9.26, and Infosys declined over 2% to $39.58. MNTL, however, gained 1% at $5.15.

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First Published: Aug 05 2008 | 8:08 AM IST

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