Indian ADRs end lower

US markets slipped on Monday (September 17) ahead of the Federal Reserve`s much awaited decision on interest rates.

The market lacked steam as investors chose to stay in cash and take a call only after  decision with regards to the rate cut is announced.

Stocks declined further after shares of Northern Rock, Britain`s fifth-largest mortgage lender, nosedived as customers withdrew billions of dollars after it issued a profit warning on Friday and requested emergency funds from the Bank of England.

The Dow Jones industrial average fell 39.10 points, or 0.29%, to 13,403.42 while the Nasdaq composite index lost 20.52 points, or 0.79%, to 2,581.66.

Indian ADRs followed suit with most of them ending in the negative.

Gainers:
Tata Motors gained 0.35% to end at USD 17.08, Wipro gained 0.14% to end at 13.68, MTNL ended up 2.55% at USD 7.23 and VSNL gained 1.68% to end at USD 19.97.

Losers

 Company  USD  % Change
 Cognizant  71.97  0.14
 ICICI Bank  44.56  0.27
 Sterlite  16.14  0.06
 Satyam  23.81  0.50
 Dr Reddy`s  15.93  1.18
 HDFC Bank  89.79  1.49
 Patni Comp  21.20  4.50
 Infosys  46.97  0.51
 MS India  46.11  1.20
 I-Path  64.78  1.61