Oct. 27 (Bloomberg) -- The Bank of New York Mellon India ADR Index decreased 3.6 percent to 895.40, the most in two months. The ChIndia Index, composed of 50 Chinese and Indian American depositary receipts, slumped 2.4 percent. The Bombay Stock Exchange Sensitive Index, or Sensex, declined 2.3 percent to 16,353.40.
The following Indian ADRs had unusual price changes. Stock symbols are in parentheses.
ICICI Bank Ltd. (IBN US) sank 8.2 percent to $34.32, the most since March 30. India’s second largest lender slumped after the Reserve Bank of India proposed that banks increase the minimum provision ratio for bad debts to 70 percent from 10 percent.
HDFC Bank Ltd. (HDB US) dropped 2.1 percent to $144.13.
Sterlite Industries Ltd. (SLT US) decreased 6.7 percent to $16.10, extending its losses to a third day. India’s largest copper producer dropped as prices of the metal declined after a report showed U.S. consumer sentiment slipping, stoking concern that a stalling economic recovery may limit demand for the metal.
Wipro Ltd. (WIT US) rose 0.4 percent to $18.74, gaining the most since Oct. 19. India’s third-largest software-services exporter reported second-quarter profit that beat analysts’ estimates as the global economic recovery spurred clients to increase orders.
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