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Wall St ends with moderate gain; Dow up 4 pts

Published on Thu, Jun 26, 2008 at 08:14 , Updated at Thu, Jun 26, 2008 at 09:12
Source : moneycontrol.com

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The US markets ended on a positive note after some volatile action following the Fed's decision to interest rates unchanged. A drop in oil prices and modestly encouraging economic reports helped prop up the market.

In stock specific moves, Oracle shares rose 1.5% after it beat earnings and sales forecasts as new software-license revenue climbed 27%.

However, Countrywide Financial closed 1.7% lower as shareholders approved the takeover by Bank of America.

The Dow Jones industrial average advanced 4.40 points, or 0.04%, to 11,811.83. The Standard & Poor's 500 index gained 7.68 points, or 0.58%, to 1,321.97, and the Nasdaq composite index was up 32.98 points, or 1.39%, to 2,401.26.

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

44.32
3.88
6.75
25.95
12.65
32.67
77.00
4.50
17.50
15.67
11.27
11.25
16.90

Change
0.40
0.11
0.16
0.28
0.28
0.82
1.19
0.10
0.53
0.16
0.28
0.05
0.09

Change%

0.91%
2.92%
2.43%
1.09%
2.26%
2.57%
1.57%
2.27%
3.12%
1.03%
2.55%
0.45%
0.54%

Volume
2,481,903
153,800
76,047
1,578,198
320,055
5,429,510
1,141,471
593,073
227,701
75,110
1,623,553
44,755
1,548,313

High
45.00
3.99
7.02
26.58
12.78
33.8
78.59
4.59
18.18
15.76
11.27
11.42
17.06

Low
43.52
3.80
6.56
25.27
12.25
32.05
75.85
4.43
17.17
15.32
10.94
11.09
16.56

Messages on Other Market Topics

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Other comments

Wall Street ends higher; Dow up 151 points

In US markets, stocks pulled off a final-hour rally, boosted by a better-than-expected forecast from Hewlett-Packar...

in Other Market Topics - MMB Messenger at 19-Nov-08 10:07

Economists say recession is on.

The larger than expected fall heightened expectations of a substantial cut in Britain`s 3.0 percent interest rate n...

in Other Market Topics - sambala at 19-Nov-08 02:34

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