GLOBAL MARKETS ROUNDUP
The S&P BSE Sensex slipped as much as 159 points in morning trade on Wednesday, led by losses in ICICI Bank, Tata Motors, HDFC, Axis Bank, and Sun Pharama.The Nifty50 came under pressure but was still trading above its crucial support level of 7,250. The fall in the index was led by losses in banks, pharma, realty, oil & gas, and metal stocks. The BSE Sensex fell more than 1 percent on Tuesday as software services exporters were hit hard after Cognizant Technology Solutions (CTSH.O) issued disappointing revenue guidance, while sentiment also remained weak after a global market sell-off.


Indian ADRs News
• Indian ADRs ended lower on Tuesday.
• In the IT space, Infosys shed 0.21 percent at USD 16.34.
• Wipro declined 0.13 percent at USD 11.19.
• In the banking space, ICICI Bank was down 0.02 percent at USD 5.88.
• HDFC Bank was up 0.20 percent at USD 57.02.
• In the other sectors, Tata Motors slipped 0.83 percent at USD 22.96.
• Dr Reddy’s Laboratories fell 2.66 percent at USD 41.92.

The market has once again opened lower with Bank Nifty hitting fresh 52-week low. The Sensex is down 129.36 points or 0.5 percent at 23891.62, and the Nifty slips 35.25 points or 0.5 percent at 7262.95. About 197 shares have advanced, 444 shares declined, and 34 shares are unchanged. Tata Motors, ICICI Bank, Dr Reddy's Labs, Lupin and ONGC are major losers while Infosys, Hindalco, HDFC Bank, HUL and Maruti are top gainers.

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