All Indian ADRs showing signs of Weakness

The US indices ended the day on a mixed note on Tuesday (August 21), with the Dow Jones closing in the negative and Nasdaq ending in the positive.

The Nasdaq ascended on Tuesday as news that the Federal Reserve might bring down its benchmark interest rate shortly, allayed unrelenting worries regarding the credit markets.

The Dow Jones closed down 30.49 points, or 0.23%, at 13,090.86, whereas the Nasdaq Composite closed up 12.71 points, or 0.51%, at 2521.30.

The Indian ADRs closed in the negative with hardly some of them managing to keep themselves in the positive. Patni Computers closed up 9.54% at USD 21.21, Rediff.com ended 2.82% up at USD 14.93 and Sify ended up 0.67% at USD 7.53.

Business News: