US indices declined on Thursday, as frozen credit markets and weak economic reports amplified jitters ahead of the House vote on the $700 billion bank rescue plan. The Dowjones lost 348 points to close at 10483 while the Nasdaq ended 93 points lower at 1977.
However, Indian ADRs were largely weak on the US bourses. Infosys dropped over 5% while MTNL, Rediff, Satyam, Wipro, VSNL, Dr Reddy's, Tata Motors, ICICI Bank, Patni Computer and HDFC Bank were down around 1-4% each. ICICI Bank and VSNL, however, ended with modest gains.
Crude oil prices in the global market moved down, with the Nymex light crude oil for November series sliding by $4.56 at $93.97 a barrel. In the commodity segment, the Comex gold for December delivery lost $43 to settle at $844.30 an ounce.
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