Indian ADRs end lower; Dr Reddy's, Tata Motors slip

Indian ADRs ended on a negative note following the downtrend in the US market ahead of quarter earnings results

Oct 24, 2017 03:10 IST India Infoline News Service

American Depository Receipts (ADR) of several Indian companies caught the downtrend to end on a negative note in Monday’s trading session. The decline came as US indices snapped away from the six-session gaining streak.

With a slew of corporate results hitting the market, ahead of the busy earnings week, investors’ sentiments seemed to be weighed down. As a result, the US indices ended trade on a negative note, thereby influencing ADR activity.

Among the gainers were the ADRs of ICICI Bank, Vedanta, and Infosys, which gained in the range of 0.4-1.8%.

Among the losers stood the ADRs of Dr. Reddy’s Laboratories, Tata Motors, Yatra Online and Sify, dipping by 1.2-4.3%.

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