Thursday's Asia ADR Recap

Leading the decliners list among Indian ADRs Thursday were HDFC Bank(HDB Quote), which plunged 5.5% to $72.76; Tata Motors(TTM Quote), which fell 5.4% to $10.66; Wipro(WIT Quote), which lost 5.2% to $12; and ICICI Bank(IBN Quote), which finished down 5.1% to $31. One bright spot among Indian ADRs was Sify Technologies(SIFY Quote), which soared 7.7% to $4.18 on heavy volume.

Be sure to check out the Far East Portfolio at Stockpickr.com every night to find out which stocks in India and China are making big moves and announcing major news.

China Recap

Chinese stocks failed to hold onto early gains Thursday as investors in the Far East viewed the Federal Reserve's decision to keep rates unchanged as a bearish sign for the future of the U.S. economy. Market players are worried that the Fed will have to hike rates in the coming months or face the same inflationary pressures currently hitting China and other emerging markets.

Linus Yip, a strategist with First Shanghai Securities, said: "Sentiment remains weak and there is no strong catalyst ahead to buoy buying interest."

The Shanghai Composite Index dropped 3.16 points, or 0.11%, to 2,901.85, and Hong Kong's Hang Seng Index fell 179.49 points, or 0.8%, to 22,455.67. Here's a look at how some China-based American depositary shares traded in the U.S. on Thursday.

Shares of Agria Corporation(GRO Quote), a China-based agri-solutions provider, plunged 26% after the company reported a first-quarter loss and guided down for its second-quarter revenues. The company said it lost $8.3 million in the first quarter, vs. a profit of $7.41 million from a year ago, and first-quarter revenues came in at $16.3 million, vs. 15.3 million from a year earlier. Agria said it expects total revenues for the second quarter in the range of $17 million to $19 million, which would represent a year-on-year drop of 16% to 22%. American depository shares of Agria, which trade on the NYSE, fell $1.75 to $4.88 on extremely heavy volume.