Saturday, January 31, 2009

Wall St slips; ADRs end mixed

The Wall Street slipped on Friday owing to growing fears of deepening recession in the US. The Dow Jones industrial average index shed 148 226 points at 8,001. The Nasdaq declined 31 points to 1,476.
The Indian ADRs, however, ended on a mixed note. Infosys plunged 3.3% to $26.56, and Tata Motors dropped 2.7% to $4.04. Genpact, HDFC Bank and Tata Communications were down 1-2% eahc. On the other hand, Sterlite surged nearly 3% to $5.35. Patni Computers and Dr.Reddy's advanced nearly 1.5% each to $5.55 and $9.05, respectively.

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