Indian ADRs: HDFC Bank slips; Infosys, ICICI Bank gain

Indian ADRs ended mwall_street_new1_2544_356ixed on Thursday.

In the IT space, Infosys was up 0.45 percent at USD 17.87.

Wipro gained 0.14 percent at USD 11.31.

In the banking space, ICICI Bank added 0.21 percent at USD 6.77.

HDFC Bank shed 0.28 percent at USD 54.29.

In the other sectors, Tata Motors was down 0.01 percent at USD 24.46.

Dr Reddy’s Laboratories fell 0.67 percent at USD 41.22.

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Petrol, Diesel Get Costlier in Delhi on Tax Hike

petrol-oil-prices-625-300_625x300_51451565700Petrol price in Delhi was on Tuesday hiked by 96 paise per litre and diesel by 53 paise per litre after the state government raised value-added tax (VAT) on the two fuels.
The Delhi government on Monday night raised VAT, or local sales tax, on petrol to 27 per cent from 25 per cent, resulting in the 96 paise per litre hike in retail pump rates.
Similarly, the VAT on diesel was increased from 16.6 per cent to 18 per cent. A pollution cess of Rs 0.25 per litre is also levied on diesel.
Petrol now costs Rs 59.99 per litre as against Rs 59.03 a litre previously. A litre of diesel now costs Rs 44.71 as opposed to Rs 44.18 previously.

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