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Monday, 16 June 2014

Indian ADRs: ICICI, HDFC Bank, Tata Motors down 2-4%

  • Indian ADRs saw selling pressure on Friday following crisis in the Iraq.
  • In the banking space, ICICI Bank dropped 3.78 percent to USD 50.15 per ADR.
  • HDFC Bank was down 2.35 percent to USD 47.33.
  • Tata Motors slipped 2.4 percent to USD 38.19.
  • Dr Reddy’s Labs declined 0.98 percent to USD 40.42.
  • Technology stocks bucked the trend with the Infosys rising 0.54 percent to USD 53.98.
  • Wipro gaining 0.09 percent to USD 11.53.

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