Thursday, May 8, 2008

Indian ADRs end weak

US stocks tumbled on Wednesday (May 7) amid rising energy and food costs.

The Dow Jones industrial average fell 206.48 points, or 1.59%, to 12,814.35. The NASDAQ composite index fell 44.82 points, or 1.80%, to 2,438.49.

The yield on the benchmark 10-year Treasury note, which moves opposite to its price, fell to 3.85% from 3.92% late Tuesday.

Indian ADRs ended on a negative note on Wednesday.

Losers:



Company USD % Decline
Sterlite 20.54 4.29
ICICI Bank 44.24 2.43
Wipro 12.87 5.85
Infosys 43.24 5.59
HDFC Bank 109.51 5.81
Satyam 25.54 6.31
Tata Motors 16.37 3.02
MTNL 5.12 5.71
Tata Communications 23.84 4.22
Dr Reddy`s 15.42 2.47
Patni Computers 12.94 0.61

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