Indian ADRs Update by Epic Research

Indian ADRs saw selling pressure on Friday following crisis in the Iraq.



In the banking space,



ICICI Bank dropped 3.78 percent to USD 50.15 per ADR and HDFC Bank was down 2.35 percent to USD 47.33.



Among others,



Tata Motors slipped 2.4 percent to USD 38.19 and Dr Reddy’s Labs declined 0.98 percent to USD 40.42. Technology stocks bucked the trend with the Infosys rising 0.54 percent to USD 53.98 and Wipro gaining 0.09 percent to USD 11.53.



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Posted in: Indian Market Tips