In the US markets, financials weighed on the market for the major part of the session. Then, a late-day report indicating a possible bailout plan for a major bond insurer is imminent sparked a sudden rally. The news restored optimism and lifted the market from a session low back into positive territory. A consortium of banks, which includes Citigroup and Wachovia, could announce the Ambac deal as early as Monday or Tuesday.

Two stocks unable to fully participate in the rally were Fannie Mae and Freddie Mac. The companies were weighed down by a Merrill Lynch report that downgraded both Fannie Mae and Freddie Mac to sell from neutral.

Though there were no new economic surveys or reports released, the December producer price index was revised to minus 0.3% from minus 0.1% month-to-month. November's PPI was revised to 2.6% from 3.2%, indicating inflationary pressures were not as strong as initially believed.

The Dow Jones ended up 96 points at 12,381 and the Nasdaq was up 4 points to shut shop at 2303.

A look at how the Indian ADRs performed:

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

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

Price 41.50 4.69 8.35 25.83 11.75 53.87 111.47 6.07 23.88 13.73 17.71 12.83 19.70

Change -0.20 -0.09 -0.15 -0.26 -0.00 -2.60 -3.01 0.07 -0.12 -0.03 -0.15 -0.32 -0.59

Change% -0.48% -1.88% -1.76% -1.00% -0.00% -4.60% -2.63% 1.17% -0.50% -0.22% -0.84% -2.43% -2.91%

Volume 2,038,718 151,188 22,298 880,104 602,185 4,680,886 557,664 170,904 116,800 188,524 658,416 68,000 896,615

High 41.69 4.82 8.54 26.10 11.78 56.00 113.87 6.14 24.17 13.89 17.90 13.12 20.43

Low 40.63 4.60 8.31 25.27 11.45 52.31 107.10 5.90 22.72 13.68 17.52 12.61 19.52