US stocks ended mixed as strong earnings were offset by selloff in blue chip stocks. Stocks pared gains and the Dow turned negative halfway through the trading session due to a disappointing outlook from United Technologies and lackluster hardware sales from IBM. Meanwhile, oil futures spiked to a new intra-day record but ended lower on late profit-taking.

In other economic news, the labour department reported that consumer prices rose at the sharpest rate in four months in September. The consumer price index rose higher than estimates at 0.3% last month. However, core CPI rose 0.2% in September, in line with economists' expectations. US home construction starts fell 10.2% in September to their lowest level in more than 14 years.

The Dow fell 20.40, or 0.15%, to 13,892.54, paring the session's worst losses. The Dow fell more than 130 points in earlier trading. Broader indexes rose. The S&P 500 index climbed 2.71, or 0.18%, to 1,541.24, while the Nasdaq gained 28.76, or 1.04%, to 2,792.67.

Indian ADRs end in the green; Infosys, Satyam, ICICI Bank rise more than 4%

Indian ADRs had a good day yesterday and they recovered majority of the losses. In the technology pack, Infosys Technologies was up 4.2% at $ 49.39, Patni Computers was up 2.38% at $ 22.40, Satyam Computers was up 4.69% at $ 26.80, while Wipro ended the day 3.2% higher at $ 15.18.

In the non-technology pack, HDFC Bank was up 1.51% at $ 108.25, VSNL was down 1.85% at $ 24.99, ICICI Bank was up 4.37% at $ 54.72, MTNL was up 2.33% at $ 8.34, Tata Motors was up 2.27% at $ 19.82, Dr Reddy's Lab was up 0.06% at $ 15.50 and Sterlite was up 0.33% at $ 21.10.