Indian ADRs – Dr Reddy’s extends its gains

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Indian ADRs closed with mixed sentiments in the trading session of May 31. Dr Reddy’s extended its gains on Wednesday.

In the IT sector, Infosys closed lower by 0.59% at USD 15.1; and Wipro closed lower by 0.37% at USD 10.78.

In the Banking sector, ICICI Bank closed higher by 1.74% at USD 9.92; and HDFC Bank closed higher by 1.09% at USD 87.8

In the other sectors, Tata Motors closed lower by 0.05% at USD 36.83; and Dr Reddy’s Laboratories closed higher by 1.55% at USD 38.64.

The US stocks closed slightly lower on Wednesday as weakness lingered in the energy and banking stocks. The S&P 500 index registered a drop of single point to close at 2,412. The Dow Jones Industrial Average slipped 21 points to end at 21,009, its third straight modest decline. The Nasdaq Composite Index shed 5 points to finish at 6,199.

Asian markets were trading mixed on Thursday. Japan’s Nikkei 225 has surged 161 points, whereas Hong Kong’s Hang Seng has slipped 33 points and China’s Shanghai Composite has shed 13 points.

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