Mixed performance overall by Indians stocks continue.
Bureau Report
NEW YORK: Indian stocks in the U.S. stock exchanges continued to see a mixed performance in the holiday shortened week ended January 25. However, the majority of the stocks underperformed compared to the major indices. While automobile stocks were the worst hit, financials performed better than the indices. Technology stocks also witnessed mixed attraction for investors.
While four stocks were in the negative territory, three stocks advanced in the week but lower than the major indices leaving the other three stocks to perform better than the indices.
Financial stocks ICICI Bank was the star performer during the week gaining 5.07 percent, followed by HDFC Bank that closed higher by 3.08 percent. Technology Company, Wipro is the other outperformer gaining 2.50 percent. In the pharma sector, Dr. Reddy’s Laboratories rose 0.76 percent. BPO Company WNS Holdings also advanced 0.57 percent. The other tech stocks Infosys edged up 0.88 percent, whereas Cognizant Technology Solutions and Rediff.com dropped 2.13 percent and 2.26 percent, respectively.
In the automobile space, Tata Motors is the worst performer with a loss of 9.43 percent. Sterlite Industries too dropped 1.87 percent.
In comparison, the S&P 500, the Dow Jones Industrial Averages and the NASDAQ advanced 1.14 percent, 1.80 percent and 0.48 percent, respectively. NASDAQ witnessed a slender gain due to Apple’s performance following its quarterly results.
The weekly performance had its effect in the year-to-date performance too. Infosys continues to be the biggest gainer with a 24.52 percent gain, followed by WNS Holdings by 17.45 percent, Dr. Reddy’s 8.20 percent, ICICI Bank 6.37 percent, and Rediff.com 6.32 percent.
Comparison of Stocks closing price for the week ended January 18, 2013 Vs. January 11, 2013 |
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Company | Closing price of current week | Closing price of previous week | % of up or down for current week | closing price of last year | YTD % of up or down |
Cognizant Technology Solutions |
77.63 |
79.32 |
-2.13% |
73.88 |
5.08% |
Infosys |
52.67 |
52.21 |
0.88% |
42.3 |
24.52% |
Wipro |
9.43 |
9.2 |
2.50% |
8.76 |
7.65% |
WNS (Holdings) |
12.25 |
12.18 |
0.57% |
10.43 |
17.45% |
HDFC Bank |
40.81 |
39.59 |
3.08% |
40.72 |
0.22% |
ICICI Bank |
46.39 |
44.15 |
5.07% |
43.61 |
6.37% |
Tata Motors |
27.84 |
30.74 |
-9.43% |
28.72 |
-3.06% |
Dr. Reddy’s Laboratories |
36.02 |
35.75 |
0.76% |
33.29 |
8.20% |
Sterlite Industries |
8.39 |
8.55 |
-1.87% |
8.61 |
-2.56% |
Rediff.com |
3.03 |
3.1 |
-2.26% |
2.85 |
6.32% |
S&P 500 |
1502.96 |
1485.98 |
1.14% |
1426.19 |
5.38% |
Dow Jones Industrial Averages |
13895.98 |
13649.7 |
1.80% |
13104.14 |
6.04% |
Nasdaq |
3149.71 |
3134.71 |
0.48% |
3019.51 |
4.31% |