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US mkts end higher; Dow up 130 pts

Published on Tue, May 13, 2008 at 08:42 , Updated at Tue, May 13, 2008 at 10:57
Source : CNBC-TV18

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US markets ended in the green led by financials and technology stocks. The sentiments also got lifted after MBIA assured that the company is having enough liquidity and reported 1Q loss lower than analysts' estimates.

Technology stocks were among the day's big gainers as traders cheered the next wave of cool gadgets. Companies like research in motion and apple posted significant gains.

Financials also advanced led by HSBC, as its profits rose.

Nymex crude oil dropped USD 1.73 to settle at USD 124.23 per barrel.

The Dow Jones ended 130.4 points higher at 12876.3, the Nasdaq shut shop at 2489, up 43 points. The S&P 500 closed 15 points higher at 1,403.

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

43.58
4.93
8.63
26.42
13.17
42.22
107.71
4.99
23.45
14.98
16.07
12.9
20.23

Change
0.67
0.13
0.09
0.40
0.18
-0.26
0.84
-0.01
-0.28
-0.27
0.11
0.09
-0.17

Change%

1.56%
2.71%
1.03%
1.54%
1.39%
-0.61%
0.79%
-0.20%
-1.18%
-1.77%
0.69%
0.70%
-0.83%

Volume
3,223,969
212,484
74,083
961,614
472,926
2,698,854
408,727
187,225
42,638
279,006
712,253
57,637
356,204

High
43.62
4.98
8.87
26.69
13.30
43.14
108.17
5.02
23.66
15.33
16.36
12.98
20.34

Low
42.17
4.70
8.47
25.76
12.81
41.80
105.63
4.85
23.01
14.83
15.99
12.72
19.81



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Continued SubPrime

From earlier part... 4. This was not an end. The lending Banks like CitiGroup, Wachovia, etc pooled the sub-prim...

in Other Market Topics - venkat_c at 11-Oct-08 01:59

US markets open red

Thanks. Of course 8500 sensex is just possible but not 3000 sensex....

in Other Market Topics - vkk43 at 11-Oct-08 06:44

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