Sign In / Register
Make This My Home Page | Feedback |RSS
You are here: IE »   Story

Indian ADRs lose $2.5 bn in a week

  • Print
  • Mail This Article
  • Comments
  • Add to favorites
  • Indian stocks
    Indian stocks trading on US bourses witnessed a value erosion of 2.5 billion dollars in one week.

    Further, Genpact shed 62 million dollars.

    During the week, telecom company Mahanagar Telephone Nigam Ltd and copper producer Sterlite Industries witnessed their valuations rise by 41 million dollars and 35 million dollars respectively. BPO entity WNS too ended with a gain of 3.4 million dollars in its market-cap.

    Software exporter Patni Computer Systems, BPO company EXLService, internet firms Rediff.com and Sify Technologies saw a market value erosion in the range of 2-25 million dollars.

    Last week, the much-awaited stimulus package worth nearly 800 billion dollars was passed by the US Congress. The new plan proposed by the Obama administration is aimed at reviving the American economy and is expected to create about four million jobs in the coming months.

    Previous12
    Comments
    Post comment

    Be the first to comment.

    Post a Comment
    Name:
    Email:
    Title:
    Maximum characters allowed     
    Comment:
    TERMS OF USE:
    The views, opinions and comments posted are your, and are not endorsed by this website. You shall be solely responsible for the comment posted here. The website reserves the right to delete, reject, or otherwise remove any views, opinions and comments posted or part thereof. You shall ensure that the comment is not inflammatory, abusive, derogatory, defamatory &/or obscene, or contain pornographic matter and/or does not constitute hate mail, or violate privacy of any person (s) or breach confidentiality or otherwise is illegal, immoral or contrary to public policy. Nor should it contain anything infringing copyright &/or intellectual property rights of any person(s).
    I agree to the terms of use.