US markets ended sharply down led by financials and spiraling crude prices. Financials stocks took a beating and among the top decliners were AIG, Citigroup and JP Morgan.

The financial stocks declined on concerns that new disclosure requirements for investment banks will limit their profits.

In economic news, existing-home sales fell just 1% between March and April. Non-farm productivity rose at a 2.2% annual rate in the first quarter.

The Dow lost 206.48 points to close at 12,814. While the Nasdaq lost 45 points and shut at 2,438. The S&P 500 also lost 26 points and shut shop at 1,393.

A look at how the Indian ADRs performed:

Name Infosys Sify Rediff.com India Satyam Wipro ICICI Bank HDFC Bank MTNL Tata Comm Dr Reddy's Lab Tata Motors Patni Computer Sterlite Ind

Symbol INFY SIFY REDF SAY WIT IBN HDB MTE TCL RDY TTM PTI SLT

Price 43.24 5.02 8.63 25.54 12.87 44.26 109.51 5.12 23.84 15.42 16.37 12.94 20.54

Change -2.56 -0.13 -0.35 -1.72 -0.80 -1.08 -6.76 -0.31 -1.05 -0.39 -0.51 -0.08 -0.92

Change% -5.59% -2.52% -3.90% -6.31% -5.85% -2.38% -5.81% -5.71% -4.22% -2.47% -3.02% -0.61% -4.29%

Volume 4,597,197 474,498 239,100 1,802,830 700,360 3,143,973 357,395 209,129 86,037 143,070 679,839 95,577 660,639

High 45.37 5.41 9.11 26.81 13.52 45.25 115.59 5.40 24.58 15.70 16.90 13.25 21.36

Low 43.15 5.02 8.52 25.41 12.80 44.03 108.98 5.10 23.84 15.31 16.26 12.91 20.30