US markets started deep in the red on worse than expected retail sales and reports that another hedge fund may collapse. But rose as S&P predicted an end to subprime mortgage writedowns.

Some of the biggest gainers include homebuilder, materials and energy stocks. Even financials rebounded. Merrill Lynch, Goldman Sachs and Lehman Brothers, all finished higher. Auto stocks skidded with General Motors being the top decliner.

Economic data coming out of the US was not looking good. Consumer spending was weak, February retail sales slipped 0.6%. A separate report showed the US. jobs market was still weak.

Dow gained 35 points to close at 12,145. The Nasdaq shut 19 points on the higher side at 2.263; while the S&P 500 gained only 6 points to finally shut shop at 1,315.

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 34.93 4.20 7.25 22.41 10.65 42.24 98.10 5.22 24.08 13.77 15.78 10.41 19.02

Change -0.40 0.03 0.24 0.84 0.01 -0.76 -3.79 -0.09 -0.92 0.03 -0.21 -0.24 -0.53

Change% -1.13% 0.72% 3.42% 3.89% 0.09% -1.77% -3.72% -1.69% -3.68% 0.22% -1.31% -2.25% -2.71%

Volume 3,189,932 149,247 102,288 2,958,157 557,960 4,984,480 1,215,810 424,785 217,600 315,900 1,292,074 171,100 1,506,993

High 35.38 4.23 7.27 22.62 10.91 42.48 100.18 5.34 25.02 13.95 15.91 10.74 19.18

Low 33.80 4.03 6.90 20.80 10.20 40.11 97.40 5.13 23.22 13.38 15.49 10.16 18.22