US markets closed on a negative note on Tuesday (Apr. 8, 2008) after aluminum producer Alcoa and chip maker Advanced Micro Devices reported poor financial result and on increased concerns about the falling US economy.
The market opened on negative note on concern about the poor first-quarter earnings. The market lost further after minutes from the Fed`s March 18 meeting, some officials are concerned that there may be long and severe business downturn in the economy.
The Dow fell 35.99 points, or 0.29%, to 12,576.44. It opened at 12,602.66 and touched the day`s low of 12,525.80. Nasdaq composite index fell 16.07 points, or 0.68%, to 2,348.76.
The Indian ADRs following the foot prints of US market finished lower. There were no gainers.
Losers:
| Company | Price (USD) | % Chng |
| Sterlite Industries India | 19.55 | 1.71 |
| Rediff.com | 8.82 | 1.23 |
| ICICI Bank | 40.46 | 2.67 |
| Wipro | 11.84 | 0.42 |
| Infosys Technologies | 36.6 | 0.97 |
| HDFC Bank | 100 | 1.09 |
| Satyam Computer | 23.49 | 1.47 |
| Tata Motors | 15.68 | 1.94 |
| Tata Communications | 25.48 | 7.18 |
| MTNL | 5.08 | 1.03 |
| Dr. Reddy`s | 14.97 | 1.53 |
| Patni Computer | 12.42 | 0.15 |
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