Wall Street soared to a broad-based weekly gain. With Federal Reserve action and declining commodity prices helping to offset worries about the economic slowdown.

Stocks rallied, led by financials after analysts said more mortgage purchases by Fannie Mae and Freddie Mac will help stabilize the home-loan market. 

Other financials jumped more than 10 percent each as investors speculated the Federal Reserve is succeeding at stemming losses in credit markets.

The Dow gained 261.66 points, or 2.16%, to 12,361.32. The Standard & Poor's 500 index added 31.09 points, or 2.39%, to 1,329.51, and the Nasdaq composite index advanced 48.15 points, or 2.18%, to 2,258.11.

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 33.88 4.00 6.98 22.00 10.66 35.95 94.37 4.90 25.33 13.29 15.85 11.35 17.14

Change 0.50 0.00 0.32 0.36 0.41 0.43 2.37 0.02 0.85 -0.26 -0.06 0.41 -0.08

Change% 1.50% 0.00% 4.80% 1.66% 4.00% 1.21% 2.58% 0.41% 3.47% -1.92% -0.38% 3.75% -0.47%

Volume 2,034,108 61,277 34,392 750,565 310,900 5,088,051 792,834 152,624 74,900 546,039 1,650,950 143,865 2,669,006

High 33.99 4.04 6.98 22.1 10.7 36.00 94.7 4.95 26.45 13.55 16.00 11.75 17.43

Low 33.05 3.92 6.64 21.24 10.07 34.16 90.80 4.75 23.58 13.15 15.42 10.77 16.31