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Indian ADRs face selling pressure; All tech stocks end more than 1% lower
Saturday, June 23, 2007
Indian ADRs faced tremendous selling pressure yesterday and majority of them ended in the red. Dr Reddy's Lab and ICICI Bank managed some marginal gains.
In the technology pack, Patni Computers was down 1.69% at 24.45, Infosys Technologies was down 1.24% at 51.15, Satyam Computers was down 1.42% at 25, Wipro was down 1.58% at 15.56.
In the non-tech pack, ICICI Bank was up 0.42% at 49.64, HDFC Bank was down 1.63% at 83.08, MTNL was down 0.39% at 7.75, VSNL was down 1.07% at 23.15, Dr Reddy's Lab was up 0.06% at 15.67, while Tata Motors was down 1.38% at 16.46.
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Investment in equity shares has its own risks. Sincere efforts have been made to present the right investment perspective.The information contained herein is based on analysis and up on sources that we consider reliable. I, however, do not vouch for the accuracy or the completeness thereof. This material is for personal information and I am not responsible for any loss incurred based upon it.& take no responsibility whatsoever for any financial profits or loss which may arise from the recommendations given in this blog.
