Indain ADRs: HDFC Bank down 4.2%, ICICI Bank slips 4%

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Indain ADRs: HDFC Bank down 4.2%, ICICI Bank slips 4%

Indain ADRs: HDFC Bank, ICICI Bank, Tata Motors, Infosys and Satyam plunged, while MTNL, VSNL and Dr. Reddy's gained.

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ALSO READ See how Asian markets are doing

Wall Street skidded lower yesterday as investors grappled with concerns about the strength of consumer spending and the overall economy after downbeat comments from J.C. Penney Co. and Wells Fargo & Co.

Wall Street is concerned about rising gas prices. Although oil has come off the highs seen last week, prices remain elevated and could crimp consumer spending as the all-important holiday shopping season approaches.

The Dow Jones industrial average fell 120.96 points, or 0.91%, to 13,110.05. The Standard & Poor's 500 index fell 19.43 points, or 1.32%, to 1,451.15. The Nasdaq composite index fell 25.81 points, or 0.98%, to 2,618.51.

A look at how the Indian ADRs performed: