Epic Update : Indian ADRs

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Epic Research
Indian ADRs ended higher on Tuesday.

In the Banking space

HDFC Bank was up 3.75 percent at USD 35.18 and ICICI Bank was up 1.66 percent at USD 38.01.

In the IT space

Infosys was up 2.7 percent at USD 40.27 and Wipro was up 2.27 percent at USD 7.20.

In the other space

Tata Motors was up 2.65 percent at USD 23.65 and Sterlite was down 0.19 percent at USD 5.31.
 
Epic Update : Indian ADRs

Indian ADRs ended lower on Wednesday.

In the Banking space

ICICI Bank was down 1.55 percent at USD 37.42 and HDFC Bank was down 0.94 percent at USD 34.85.

In the IT space

Wipro was down 0.39 percent at USD 7.08 and Infosys was down 0.02 percent at USD 40.26.

In the other space

Tata Motors was down 3.97 percent at USD 22.71 and Sterlite was down 1.69 percent at USD 5.22.
 
Epic Update : Indian ADRs

Indian ADRs ended higher on Thursday.

In the IT space

Infosys was up 2.81 percent at USD 41.39 and Wipro was up 1.55 percent at USD 7.19.

In the Banking space

HDFC Bank was up 2.87 percent at USD 35.85 and ICICI Bank was down 0.35 percent at USD 37.29.

In the other space

Sterlite was up 4.21 percent at USD 5.44 and Tata Motors was up 1.76 percent at USD 23.11.
 
Epic Update : IOC

Latest hike due to further rupee depreciation
Current loss on sale of retail diesel at Rs 8.60/litre
Current loss on sale of kerosene at Rs 30.53/litre
Loss on sale of subsidised LPG at Rs 368.50/cylinder
Estimate under-recovery at Rs 63,000 crore for FY14
Estimate FY14 industry under-recovery at Rs 1.18 lakh crore.
 
Epic Update : Indian ADRs

Indian ADRs ended higher on Monday.

In the Banking space

ICICI Bank was up 1.86 percent at USD 38.96 andHDFC Bank slipped 0.36 percent at USD 36.11.

In the IT space

Wipro gained 0.69 percent at USD 7.33 andInfosys was down 0.39 percent at USD 41.03.

In the other space

Tata Motors was up 3.75 percent at USD 24.32 and Sterlite rose 1.03 percent at USD 5.90.
 
Epic Indian Rupee Update

The Indian rupee weakened further in morning trade, falling by 36 paise to 60.02 per dollar as against previous day%u2019s closing value of 59.66.It opened lower by 21 paise to 59.87 per dollar.
 
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