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Friday, 24 May 2013

INDIAN ADRs

Indian ADRs ended lower on Thursday.
In the IT space,Infosys was down 1.39 percent at USD 42.46
Wiprodeclined 0.38 percent at USD 7.82.
In the Telecom space, Tata Communication slipped 4.88 percent at USD 7.4.
In the Banking space, ICICI Bank lost 1.22 percent at USD 46.19
HDFC Bank rose 0.53 percent at USD 41.46.
In the other space, Sterlite dropped 1.6 percent at USD 6.75,
Dr Reddys fell 0.45 percent at USD 37.32
Tata Motors gained 0.27 percent at USD 26.37.

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U.S MARKET UPDATE

U.S. stocks slipped on Thursday but finished sharply off their session lows as a rally in Hewlett-Packard’s shares offset worries about weak Chinese manufacturing data and the prospects of the Federal Reserve reducing its monetary stimulus.
The Dow Jones industrial average fell 12.67 points, or 0.08 percent, to 15,294.50 at the close. The Standard & Poor’s 500 Index slipped 4.84 points, or 0.29 percent, to finish at 1,650.51. The Nasdaq Composite Index dropped 3.88 points, or 0.11 percent, to close at 3,459.42

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