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Saturday, October 4, 2008

US markets end lower, Dow down 157 pts

Wall Street capped its worst week in seven years
with a late sell off as traders briefly celebrated the house's approval of the Wall
Street bailout bill and then sold their positions ahead of the weekend. Anxiety
in fact hitting the markets with the VIX topping 45.


Stocks fell even after US President Bush signed the bailout package. Unemployment
report showed 1,59,000 people lost their jobs in Sep. Construction,
manufacturing & retail shed maximum jobs while healthcare & govt added workers.


In commodity markets crude was little changed amid skepticism that the bailout package will keep the US from falling into a recession, curbing demand.


Dow Jones dropped 157 points at 10325.38, S&P
down 15.05 points at 1099.15 and Nasdaq slid 29.33 points to 1947.39.


A look at how the Indian ADRs performed:











Name

Infosys

Sify

Rediff.com India

Satyam

Wipro




ICICI


Bank


HDFC Bank

MTNL

Tata Comm

Dr Reddy's Lab

Tata Motors

Patni Computer



Sterlite
Ind



Symbol

INFY

SIFY

REDF

SAY

WIT

IBN

HDB

MTE

TCL

RDY

TTM

PTI



SLT



Price




29.58

1.89

3.85

15.04

9.09

22.79

86.00

3.92

19.48

10.80

7.13

7.45

7.64



Change

-1.00

0.07

-0.15

-0.56

0.16

-1.71

-0.50

-0.02

-1.66

-0.21

-0.13

-0.30

-0.57



Change%




-3.27%

3.85%

-3.75%

-3.59%

1.79%

-6.98%

-0.58%

-0.76%

-7.85%

-1.91%

-1.79%

-3.87%

-6.94%



Volume


3,733,951

54,811

44,186

1,648,255

620,307

3,599,310

315,579

54,338

207,896

182,935

803,551

30,873

1,511,552



High

31.59

1.92

4.04

16.94

9.98

23.50

91.48

4.18

20.83

11.55

7.48

7.73

8.40



Low

29.56

1.76

3.82

15.01

8.70

22.05

83.11

3.90

18.62

10.80

7.01

7.37

7.53




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