Wall Street declines; Dow slips 100 points

US markets traded in a volatile manner, with financial stocks driving much of the action. The fall was led by growing speculation that Lehman Brothers will be forced to raise more capital and a drop in oil prices pushed down energy companies. Lehman brothers has denied borrowing from the Federal Reserve and said the firm's cash holdings have increased, as the shares dropped to the lowest level in five years.

Fed Chairman Ben Bernanke's remarks on the economic outlook gave support to the dollar which triggered a fall in the price of oil of around 3%. The weakness in crude weighed on the energy sector, which was the main laggard.

In corporate news, General Motors rose as much as 4.2% on news that it is shutting down four North American plants that produce trucks and SUVs in response to a shift in consumer preferences on record gasoline prices.

The Dow declined 100.97 points, or 0.81%, to 12,402.85. The Standard & Poor's 500 index slipped 8.02 points, or 0.58%, to 1,377.65, while the Nasdaq composite index was down 11.05 points, or 0.44%, to 2,480.48.

A look at how the Indian ADRs performed: