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Wall Street ends with moderate gain; Dow up 41 pts

Published on Thu, Mar 06 at 08:35 , Updated at Thu, Mar 06 at 08:53
Source : moneycontrol.com

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Wall Street managed to close in positive territory after a rollercoaster session. A better-than-expected reading on the services sector, an encouraging outlook from Cisco's CEO and new highs for several commodities spurred buying, while disappointment in an announcement from Ambac triggered selling. Stocks slipped nearly 1.8% from the session's peak.

Energy stocks advanced as oil jumped above 104 dollars a barrel following reports of a decline in US crude supply.

Economic data was mixed. February ISM services index posted better than expected results while last month's ADP employment reading was worse than expected.

The Dow advanced  41.19 points, or 0.34% to 12,254.99. The Standard & Poor's 500 index gained 6.95 points, or 0.52%, to 1,333.70, while the Nasdaq composite added 12.53 points, or 0.55%, to 2,272.81.

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

38.19
4.49
8.13
25.78
11.84
47.29
105.74
5.88
24.45
14.56
17.28
10.97
19.88

Change
0.76
-0.01
0.05
1.47
0.45
0.38
3.72
0.13
1.25
0.41
0.09
-0.39
0.40

Change%

2.03%
-0.22%
0.62%
6.05%
3.95%
0.82%
3.65%
2.26%
5.39%
2.90%
0.52%
-3.43%
2.05%

Volume
3,223,033
90,024
27,328
2,305,964
532,040
3,517,765
315,580
205,350
98,750
402,475
1,237,788
99,795
934,964

High
39.07
4.64
8.34
26.11
11.84
47.89
106.00
5.95
24.45
14.59
17.61
11.40
20.05

Low
37.87
4.45
8.08
24.72
11.36
46.83
100.15
5.73
23.42
14.29
17.12
10.78
19.35


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