Epic Update : Indian ADRs

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Epic Research
Indian ADRs ended mostly lower on Monday.

In the Banking space

HDFC Bank shed 1.74 percent at USD 36.22 and ICICI Bank was down 0.05 percent at USD 36.85.

In the IT space

Infosys rose 1.02 percent at USD 41.55 and Wipro was up 0.4 percent at USD 7.46.

In the other space

Tata Motors was down 2.25 percent at USD 23.41 and Sterlite was down 0.9 percent at USD 5.53.
 
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SILVER:-40060,
CRUDE OIL:+6210,
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ALUMINIUM:-106.1,
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ZINC:-110.75.
 
Epic Update : Indian ADRs

Indian ADRs ended higher on Tuesday.

In the banking space

ICICI Bank was up 1.06 percent at USD 37.24 andHDFC Bank gained 0.22 percent at USD 36.30.

In the IT space

Infosys added 1.35 percent at USD 42.11 andWipro was unchanged at USD 7.46.

In the other space

Sterlite Industries rose 3.07 percent at USD 5.70 and Tata Motors was up 1.54 percent at USD 23.77.
 
Epic Update : Indian ADRs

Indian ADRs ended lower except IT on Wednesday.

In the banking space

HDFC Bank was down 1.43 percent at USD 35.78 and ICICI Bank was down 0.73 percent at USD 36.97.

In the IT space

Infosys was up 1.12 percent at USD 42.58 and Wipro was up 1.07 percent at USD 7.54.

In the other space

Sterlite was down 0.7 percent at USD 5.66 and Tata Motors was down 0.55 percent at USD 23.64
 
Epic Update : Indian ADRs

Indian ADRs ended higher on Thursday.

In the Banking space

ICICI Bank was up 5.27 percent at USD 38.92 and HDFC Bank was up 4.92 percent at USD 37.54.

In the IT space

Infosys was up 3.43 percent at USD 44.04 and Wipro was up 2.52 percent at USD 7.73.

In the other space

Sterlite was up 5.3 percent at USD 5.96 and Tata Motors was up 1.82 percent at USD 24.07.
 
Epic Update : Reliance Industries

Welcome Rangarajan Gas formula, but with apprehension

USD 8 billion of new investments possible subject to gas price viability

USD 4 billion new investments in KG-D6 subject to gas price viability

USD 3 billion new investments in NEC25 subject to viability

USD 1 billion new investments in CBM gas subject to viability

GoI moved towards market price, but not sufficiently

Rangarajan formula does not capture market price.
 
Epic Update : Indian ADRs

Indian ADRs ended lower on Tuesday.

In the Banking space

ICICI Bank shed 3.93 percent at USD 36.47 and HDFC Bank fell 2.5 percent at USD 36.25.

In the IT space

Wipro was down 0.38 percent at USD 7.93 and Infosys was up 0.26 percent at USD 46.42.

In the other space

Sterlite was down 0.82 percent at USD 6.07 and Tata Motors was up 0.08 percent at USD 24.50.
 
Epic Update : Indian ADRs

Indian ADRs ended lower on Wednesday.

In the Banking space

ICICI Bank shed 1.97 percent at USD 35.75 and HDFC Bank fell 1.35 percent at USD 35.76.

In the IT space

Wipro was up 0.88 percent at USD 8 and Infosys rose 0.86 percent at USD 46.82.

In the other space

Tata Motors was down 1.47 percent at USD 24.14 and Sterlite was down 1.15 percent at USD 6.
 
Epic Update : Indian ADRs

Indian ADRs ended higher on Thursday.

In the Banking space

HDFC Bank rose 5.93 percent at USD 37.88 andICICI Bank was up 1.57 percent at USD 36.31.

In the IT space

Infosys gained 1.67 percent at USD 47.6 and Wipro added 0.75 percent at USD 8.06.

In the other space

Tata Motors rose 1.08 percent at USD 24.4 and Sterlite was down 2.5 percent at USD 5.85.
 
Epic Update : Indian ADRs

Indian ADRs closed mixed on Friday.

Among banks

ICICI Bank slipped 1.49 percent to end at USD 35.77 per ADR and HDFC Bank lost 0.18 percent to USD 37.81.

Sterlite Industries dropped 2.74 percent to USD 5.69 while
Tata Motors gained 1.68 percent at USD 24.81.

In the technology space

Wipro declined 0.25 percent to USD 8.04 and
Infosys rose 0.29 percent to USD 47.74.
 
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