It was a very volatile session on Wall Street. Stocks snapped a five-day losing streak, with the Dow surging nearly 300 points on optimism that a government plan to rescue ailing bond insurers is taking shape and could prevent billions more in credit losses.

The market also drew support from growing confidence that aggressive interest-rate cuts by the Federal Reserve could help stabilize the economy and support the beleaguered banking sector.

Bank of America said that it has started a $ 6 billion public offering of securities. Shares of Bank of America shot up 6.3%. Bear Stearns upgraded large-cap financial institutions, most notably Bank of New York and JP Morgan. Other battered stocks in the sector including Citi Group & Bear Stearns also posted strong gains.

The Dow Jones industrial average gained 298.98 points, or 2.5% at 12,270.17. The Standard & Poor's 500 index advanced 28.10 points, or 2.14%, to 1,338.60, while the Nasdaq composite index shot up 24.14 points, or 1.05%, to 2,316.41.

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 38.77 4.62 9.55 25.99 12.20 61.39 116.24 7.10 27.74 15.41 17.63 12.50 20.24

Change 0.70 -0.13 0.54 2.64 -0.06 -0.29 3.09 0.08 0.74 -0.94 -0.15 -0.10 -0.86

Change% 1.84% -2.74% 5.99% 11.31% -0.49% -0.47% 2.73% 1.14% 2.74% -5.75% -0.84% -0.79% -4.08%

Volume 4,158,930 205,584 195,935 4,108,659 1,363,559 6,130,478 887,925 698,304 464,995 1,406,750 2,616,500 180,000 3,449,294

High 38.99 4.66 9.68 26.30 12.25 61.71 116.3 7.40 28.04 15.95 17.78 12.50 20.44

Low 36.16 4.31 8.84 21.65 11.25 57.00 107.22 6.50 24.00 15.37 16.71 11.97 18.00