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Wednesday, August 15, 2007

US Markets tumble


The US indices tumbled on Tuesday. The Dow Jones industrial average index slumped 208 points to 13,029. The Nasdaq plunged 43 points to 2499.

Indian ADRs ended in a sea of red. Sterlite dropped nearly 4% to $14.95. Genpact shed 3.7% to $14.88, and MTNL tumbled 3.5% to $6.63. Infosys, Satyam, Wipro, Patni Computers, ICICI Bank, HDFC Bank, VSNL, Tata Motors and Dr.Reddy's were down 1-3% each.