US markets bounced back from the prior session's slide, led by techs and materials. Technology shares rebounded with Intel and Apple posting gains of over a percent.

Alcoa was the top gainer where as financials like Bank of America, UBS and Morgan Stanley skid.

In economic news, initial jobless claims fell by 18,000 to 365,000 last week. Wholesale inventories fell by 0.1% in March, the first drop since December 2006, while sales jumped 1.6%.

The Dow rose 52.43 points, or 0.41%, to 12,866.78. The Standard & Poor's 500 index rose 5.11 points, or 0.37%, to 1,397.68, and the Nasdaq composite index rose 12.75 points, or 0.52%, to 2,451.24.

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 42.83 4.69 8.65 25.59 12.9 43.06 109.42 5.07 23.63 15.33 16.16 12.65 20.93

Change -0.41 -0.33 0.02 0.05 0.03 -1.20 -0.09 -0.05 -0.21 -0.09 -0.21 -0.29 0.39

Change% -0.95% -6.57% 0.23% 0.20% 0.23% -2.71% -0.08% -0.98% -0.88% -0.58% -1.28% -2.24% 1.90%

Volume 3,799,687 329,401 112,165 1,020,204 558,545 2,631,006 283,152 104,002 100,468 213,345 780,198 137,870 416,030

High 43.28 5.13 8.89 25.9 13.01 43.56 111.84 5.17 25.25 15.7 16.37 12.89 21.08

Low 42.29 4.69 8.37 25.29 12.65 42.76 108.35 5.05 23.48 15.23 15.86 12.46 20.52