Indian ADRs: HDFC Bank gaines 4%, MTNL up 2.8%

ALSO READ See how Asian markets are doing

US markets breathed a sigh of relief after the European Central Banks injected 500 billion dollars into the financial system, a move which could help the economy withstand a deteriorating housing market. Weak housing starts data reflected a continued weak housing market but because they were largely in line with expectations, they didn't have much bearing on the markets. In stocks in action Goldman Sachs reported strong fourth quarter numbers above street expectations.

The Dow Jones industrial average gained 65.27 points, or 0.50%, at 13,232.47. The Standard & Poor's 500 Index rose 9.08 points, or 0.63%, at 1,454.98. The Nasdaq Composite Index advanced 21.57 points, or 0.84%, at 2,596.03.

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 42.03 5.17 11.30 25.21 14.08 58.00 125.41 9.00 29.87 17.9 17.78 15.74 24.15

Change 1.01 0.02 0.11 0.17 0.08 1.10 4.90 0.25 0.65 0.05 0.30 -0.34 0.51

Change% 2.46% 0.39% 0.98% 0.68% 0.57% 1.93% 4.07% 2.86% 2.22% 0.28% 1.72% -2.11% 2.16%

Volume 1,970,213 374,821 115,969 1,010,068 485,994 2,570,060 505,430 133,200 201,411 326,352 806,710 57,985 1,230,206

High 42.15 5.35 11.75 26.15 14.42 58.71 126.61 9.09 31.36 18.08 18.02 16.03 24.21

Low 41.40 5.07 10.92 24.59 13.95 56.50 120.78 8.70 29.06 17.75 17.51 15.60 23.76