US markets advanced but closed off Intraday highs. Microsoft reported a rise in earnings that beat expectations, but the company's shares declined by more than 5% during the trade as its outlook disappointed investors. Financials did relatively better with J P Morgan and Citigroup posting strong gains.

The biggest loser on the Dow Jones was Chevron as it dropped 2.2% following drop in oil.

There was little reaction to a dismal housing report, which showed new-home sales tumbling 8.5 % in March to a 17 year low. Inventory swelled to an 11 month supply, the highest since September 1981. Weekly jobless claims however were less than Economists had expected.

Dow gained 85 points to close at 12,849. Nasdaq ended 23 points higher at 2,429. While the S&P 500 closed almost 9 points higher at 1,389.

A look at how the Indian ADRs performed:

Name Infosys Sify Rediff.com India Satyam Wipro ICICI Bank HDFC Bank MTNL Tata Comm Dr Reddy's Lab Tata Motors Patni Computer Sterlite Ind

Symbol INFY SIFY REDF SAY WIT IBN HDB MTE TCL RDY TTM PTI SLT

Price 43.08 4.83 8.49 24.66 12.43 44.85 109.73 5.40 24.61 15.53 16.13 12.86 20.34

Change 0.89 0.14 -0.18 1.13 0.16 1.22 2.90 -0.19 0.57 -0.15 0.10 -0.08 -0.64

Change% 2.11% 2.99% -2.02% 4.80% 1.30% 2.80% 2.71% -3.40% 2.37% -0.96% 0.62% -0.62% -3.05%

Volume 2,601,698 74,757 80,286 1,138,869 498,508 1,922,071 502,620 117,476 54,012 148,273 525,381 156,100 714,557

High 43.68 4.89 8.92 24.8 12.58 45.54 110.76 5.53 24.73 15.70 16.17 12.90 20.65

Low 42.05 4.62 8.40 23.53 12.12 43.63 105.11 5.31 23.74 15.36 15.80 12.42 19.75