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Indian ADRs: Tata Motors, Infosys, VSNL up while MTNL, Patni down.
US stocks closed out a solid first quarter with a modest decline yesterday despite lower oil prices and a round of temperate economic data that mitigated concerns about inflation and higher interest rates. The major indices finished mixed for the week, but were higher for the month and the quarter.
At the close of trading, the Dow Jones industrial average dropped 41.38 points 37%, to 11,109.32. The Dow lost 170 points this week.
Broader stock indicators were also lower. The Standard & Poor's 500 index fell 5.42 points 2%, to 1,294.83; the Nasdaq composite index dropped 1.03 point 4%, to 2,339.79, after reaching a five-year high the day before.
Tags: US, Wall Street, Nasdaq, S&P 500, Dow Jones, Infosys, Satyam Computer, Wipro, ICICI Bank, HDFC Bank, MTNL, VSNL, Dr Reddy's Lab, Tata Motors, Patni Computer Systems
May 17 2013, 12:38
- in FII View
May 17 2013, 12:39
- in MARKET OUTLOOK