Epic Research

Monday, October 20, 2014

Epic Research Update : Indian ADRs

Epic Update Indian ADRsIndian ADRs closed mixed on Friday.
Banking stocks rallied with the ICICI Bank rising 3.21 percent to USD 52.16 per ADR and HDFC Bank gaining 2.05 percent at USD 48.90.
However,
technology stocks were under pressure with the Infosys falling 1.38 percent to USD 62.03 and Wipro losing 0.91 percent to USD 11.95.
Among others,
Tata Motors climbed 1.77 percent to USD 42.50 and Dr Reddy’s Labs was up 1.67 percent at USD 48.83.

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