Indian ADRs: ICICI, HDFC Bank up 4%, Satyam down 16%

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US markets closed slightly higher led by financial companies as Wall Street welcomed news that house-senate negotiators had reached agreement on a $ 789 billion economic stimulus package that would mix tax cuts and new government spending to rescue the faltering economy.

At closing bell, Dow Jones ended up 0.6%, Nasdaq ends up 0.3% while S&P 500 ended up 0.8%.

Indian ADRs ended mostly mixed on Wednesday. In Telecom space, MTNL was down 4.07% at $ 2.83 and Tata Communication was down 0.17% at $ 17.48. In IT space, Wipro was down 1.48% at $ 6.67, Infosys was down 0.44% at $ 26.99, Patni Computers was down 3.33% at $ 5.80. However, Satyam Computers was surprisingly up 16.23% at $ 1.79.

In other sectors, Tata Motors was down 3.64% at $ 3.71, Dr Reddy's Labs was down 1.09% at $ 9.11 and Sterlite Industries was down 0.18% at $ 5.45.

Banking sector was the lone gainer on Wednesday. In this, HDFC Bank was up 3.78% at $ 60.43 and ICICI Bank was up 3.92% at $ 17.75.

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 26.99 0.77 1.83 1.79 6.67 17.75 60.43 2.83 17.48 9.11 3.71 5.80 5.45

Change -0.12 0.00 -0.05 0.25 -0.10 0.67 2.20 -0.12 -0.03 -0.10 -0.14 -0.20 -0.01

Change%-0.44% 0.00% -2.66% 16.23% -1.48% 3.92% 3.78% -4.07% -0.17% -1.09% -3.64% -3.33% -0.18%

Volume 3,413,540 21,322 4,635 3,810,703 442,328 3,030,685 380,054 83,548 122,811 233,804 435,015 21,762 1,387,384

High 28.00 0.80 1.98 1.85 6.93 18.23 61.74 2.95 17.92 9.33 3.88 6.00 5.58

Low 26.67 0.77 1.83 1.65 6.56 17.38 59.13 2.81 17.01 9.04 3.70 5.02 5.37