Indian ADRs end down; ICICI Bank fell 3.3%

India Infoline News Service | Mumbai | December 02, 2016 09:32 IST

Indian ADRs closed lower on Thursday tracking the weakness in their ordinary shares listed on the Indian stock exchanges. The worst hit were ADRs of ICICI Bank, which fell 3.3% and HDFC Bank was down 0.91%.

Indian ADRs closed lower on Friday tracking the weakness in their ordinary shares listed on the Indian stock exchanges. The worst hit were ADRs of ICICI Bank, which fell 3.3% and HDFC Bank was down 0.91%.

Wall Street closed mixed with Dow hitting a new high and Nasdaq falling due to deep cuts in semiconductor and biotechnology shares. The Dow Jones Industrial Average index gained 0.36% to 19,191.93 almost 40 points above than the previous record set November 25. But the Nasdaq Composite slipped 1.4% to 5,251.11, and the broad-based S&P 500 shed 0.4% to 2,191.08.

The dollar sagged against its peers early on Friday as investors were cautious ahead of a looming US jobs report that could set the tone in coming days.

Among IT space, Infosys slipped 1.17% and Wipro fell 1.25%. Tata Motors slipped 2% and Dr Reddy's Laboratories fell 1.46% while Dr Reddy's skid 1.5%. Vedanta ended down 2.6%.
 

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