Business Daily from THE HINDU group of publications
Wednesday, Feb 14, 2007
ePaper


News
Features
Stocks
Cross Currency
Shipping
Archives
Google

Group Sites

Markets - Stocks
Money & Banking - CRR & Bank Rates
Get Latest BSE Quote
ICICI Bank, HDFC Bank ADRs slump

Our Bureau

Advertisement
Bharat Matrimony

Chennai Feb. 13 Trading trend in ADRs present a negative signal for the Indian markets, as most counters opened on a weak note. This was despite a strong opening by the US markets - Dow was up about 73 points at 8.30 p.m. IST, while Nasdaq and S&P-500 gained 0.46 per cent.

Banking stocks were the worst hit, with ICICI Bank declining by close to seven per cent, while HDFC Bank slumped 5.36 per cent.

Among other ADRs, telecommunication major VSNL stock slumped 4.15 per cent. Infosys and Patni Computers declined by 1.9 per cent and 1.03 per cent respectively, Wipro by 0.46 per cent and Satyam Computer was down by 0.35 per cent.

MTNL was the lone gainer in the pack.

More Stories on : Stocks | CRR & Bank Rates | ICICI Bank Ltd | HDFC Bank Ltd

Article E-Mail :: Comment :: Syndication :: Printer Friendly Page



Stories in this Section
UBI in talks with IDBI, Sharekhan for online broking


Kotak launches emerging equity scheme
Franklin Templeton eyes overseas investments
FT may stop sale, if overheated
ICICI Bank, HDFC Bank ADRs slump
Orchid Chem raises $200 m through FCCBs
Will valuation go up for other telcos?
Jain Irrigation: Betting on Budget
Volatile movement
CRR hike impact: Analysts expect shaky start today
Oil and gas sector bucks the negative trend
Manaksia plans to raise funds through public issue
Euro Ceramics IPO subscribed by 3 times


The Hindu Group: Home | About Us | Copyright | Archives | Contacts | Subscription
Group Sites: The Hindu | The Hindu ePaper | Business Line | Business Line ePaper | Sportstar | Frontline | The Hindu eBooks | The Hindu Images | Home |

Copyright 2007, The Hindu Business Line. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu Business Line