This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Thursday's Asia ADR Recap: Solarfun

Indian shares dove Thursday on investor fear that rising crude oil and higher domestic inflation will grind the world's second-fastest growing economy to a halt. Traders said the consensus among the investing community is that a rate hike is almost inevitable with the current levels of inflation.

"Market sentiment is playing a crucial role in determining the stock prices. Shipping and commodities are the only two sectors faring well at this stage," said Arpit Aggarwal, head of research at Arihant Capital.

The Bombay Stock Exchange's Sensex Index lost 336 points, or 1.9%, to 16,907. Here's a look at how some India-based American depositary shares traded in the U.S. Thursday.

Tata Communications (TCL), a leading Indian communications provider, announced it has developed a detection and mitigation service to protect against sophisticated cyber attacks on critical network infrastructure and business applications. The service, named Distributed Denial of Service (DDoS), renders a computer's resources useless in the event of a cyber attack. American depositary shares of Tata Communications, which trade on the NYSE, finished essentially flat at $23.34.

India's pharmaceutical king Dr. Reddy's Laboratories (RDY - Get Report) announced it has launched Omez Insta, an innovative powder formula that will be used in the treatment of acute gastritis and can also be used for critically ill patients who are using feeding tubes. According to the company, Omez can cut the gastric acidity in the stomach by 78% within the first 30 minutes of ingestion. Dr. Reddy's said the U.S. Food and Drug Administration has approved the new powder. Shares of Reddy's traded up 3.5% to $15.57.
1 of 4

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free

Check Out Our Best Services for Investors

Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
STP $0.53 0.00%
BIDU $177.81 2.00%
CSIQ $16.27 -1.80%
NTES $139.77 1.50%
RDY $43.49 -2.70%


Chart of I:DJI
DOW 17,619.52 -131.39 -0.74%
S&P 500 2,048.72 -14.65 -0.71%
NASDAQ 4,722.1060 -41.1180 -0.86%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs