Indian ADRs: ICICI Bank & Patni gain, VSNL slips

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Indian ADRs: ICICI Bank & Patni gain, VSNL slips

Indian ADRs: ICICI Bank, Patni gained while VSNL slipped.

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Wall Street extended its decline yesterday, dipping lower after the Labour Department said productivity was flat in the third quarter while wages rose nearly 4%. The data touched off concerns that the Federal Reserve will continue to wrestle with inflation, possibly raising interest rates again.

The Dow, which fell below the 12,000 benchmark during the session, closed down 12.48 points, or 0.10%, at 12,018.54.

Broader stock indicators also declined modestly. The Standard & Poor's 500 index fell 0.47 point, or 0.03%, to 1,367.34, and the Nasdaq composite index declined 0.33 point, or 0.01%, to 2,334.02.

A look at how the Indian ADRs performed: