Indian ADRs plunged on Friday. In the telecom space, Tata Communication was down 11.7% at $ 15.23 and MTNL was down 5.83% at $ 2.91.

In the IT space, Wipro was down 8.04% at $ 17.15 Infosys Technologies was down 2.67%% at $ 46. However, Satyam Computer Services was up 2.92% at $ 5.29.