Indian ADRs witness sharp sell-off, down 3.5-8.5%

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Indian ADRs ended deep in red on Thursday. In IT space, Infosys was down 4.72% at $ 50.69, Satyam Computers was down 3.52% at $ 4.94, Wipro was down 5.36% at $ 19.78 and Patni Computers was down 5.71% at $ 19.31.

In Banking space, ICICI Bank was down 6.03% at $ 34.77 and HDFC Bank was down 4.79% at $ 115.79. In Telecom space, Tata Communication was down 5.27% at $ 13.11 and MTNL was down 5.1% at $ 2.98.

In other sectors, Tata Motors was down 8.45% at $ 14.41, Sterlite Industries was down 6.81% at $ 15.61 and Dr Reddy's Labs was down 2.74% at $ 24.12.

A look at how the Indian ADRs performed:

Name	Symbol	Close Price	($)Chg	Chg	Volume
Infosys	INFY	$50.69	-2.51	-4.72%	2,463,975
Satyam	SAY	$4.94	-0.18	-3.52%	1,467,314
Wipro	WIT	$19.78	-1.12	-5.36%	659,056
Patni	PTI	$19.31	-1.17	-5.71%	88,078
Tata Comm	TCL	$13.11	-0.73	-5.27%	129,377
MTNL	MTE	$2.98	-0.16	-5.10%	222,799
ICICI Bk	IBN	$34.77	-2.23	-6.03%	3,155,268
HDFC Bk	HDB	$115.79	-5.82	-4.79%	383,729
Sterlite	SLT	$15.61	-1.14	-6.81%	1,726,443
Dr Reddys	RDY	$24.12	-0.68	-2.74%	329,968
Tata Motors	TTM	$14.41	-1.33	-8.45%	2,411,332
Sify	SIFY	$1.68	-0.06	-3%	87,043
Rediff	REDF	$2.75	-0.04	-1.43%	14,507