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Saturday, September 25, 2010

Indian ADRs: Satyam down 23%, MTNL, Wipro, ICICI Bk up

DAILY MARKET UPDATES CLICK HERE

Indian ADRs ended higher yesterday. In the IT space, Infosys was up 2.25% at $66.88, Patni was up 2.31% at $19.95, Wipro was up 3.68% at $14.65, while Satyam was down 23.69% at $4.67 on the news that it will delist its ADRs from the NYSE from October 14.

In the telecom pack, MTNL was up 7.35% a $2.92 and Tata Comm was up 3.46% at $14.35. In the banking space, ICICI Bank was up 3.27% at $49.24 and HDFC Bank was up 2.79% at $184.14.

In the other space, Dr Reddys was up 0.33% or $33.13, Sterlite was up 2.95% at $15.37 and Tata Motors was up 1.38% at $24.27.