Business Standard

Saturday, January 18, 2025 | 10:31 PM ISTEN Hindi

Notification Icon
userprofile IconSearch

Wall St slumps on recession worries; ADRs tumble

Image

BS Reporter Mumbai

The Wall Street once again slumped amid fears of a deeper recession for the US economy. The Dow Industrial Average index plunged 733 points to 8,578. The Nasdaq crashed 151 points to 1,628.

The Indian ADRs, too, ended with steep losses. Infosys, Genpact, Sterlite, Satyam, Wipro, Patni Computers, ICICI Bank, HDFC Bank, MTNL, Dr.Reddy's and Tata Communications dropped 9-17% each.

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Oct 16 2008 | 8:34 AM IST

Explore News