Thursday, 3 April 2014

Epic Research Update : Indian ADRs


Indian ADRs saw selling pressure on Thursday.



Among banks



ICICI Bank lost 3.61 percent to USD 42.72 per ADR and HDFC Bank declined 2.05 percent to USD 40.52.



In the technology space



Infosys was down 0.9 percent to USD 55.17 and Wipro slipped 2.25 percent to USD 13.47.



Among others



Tata Motors dropped 1.25 percent to USD 36.34 and Dr Reddy’s Laboratories was down 2.41 percent to USD 44.06.



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