The US markets made a mixed closing after a lackluster trade on Tuesday, although there were some positive economic data and better than expected first quarter earnings from some major companies. On economy front the Commerce Department reported that retail sales rebounded in March following three straight monthly declines. Retail sales climbed 0.9 percent in March following a revised 0.5 percent decrease in February. On the same time the Labor Department said its producer price index for final demand rose by 0.2 percent in March after falling by 0.5 percent in February. Core producer prices, which exclude food and energy prices, also rose by 0.2 percent in March following a 0.5 percent drop in the previous month.
The Dow Jones Industrial Average rose 59.66 points or 0.33 percent to 18,036.70 and the S&P 500 edged up 3.41 points or 0.16 percent to 2,095.84, on the other hand the Nasdaq closed down by 10.96 points or 0.22 percent to 4,977.29.
Indian ADRs made a mixed closing on Tuesday, Tata Motors was up by 0.32%, Dr Reddy’s up by 0.32%, HDFC Bank up by 0.51% and Wipro was up by 0.07%.
On the other hand ICICI Bank was down by 0.08% and Infosys was down by 0.10%.