Indian ADRs: Infy up 5%, ICICI, HDFC Bk up over 3.3%

ALSO READ See how Asian markets are doing

US markets rallied for a second day as traders found cause for optimism and technology stocks blazed the trail. The Dow Jones ended 94 points higher at 12992, the Nasdaq shut shop at 2534, up 37 points. The S&P 500 closed 15 points higher at 1,424.

Indian ADRs finished higher. Technology stocks rallied; Infosys up 5%, Satyam up 1.6%, Wipro up 1.64% and Patni gains 2.6%. Telecom stocks also jumped higher; Tata Comm was up 1.09% and MTNL up 1.33%.

Banking stocks have shot up smoothly; ICICI Bank rose 3.33% and HDFC Bank up 3.54%. In the metal space, Sterlite up 2.15%.

However, auto and pharma stocks declined; Tata Motors down 0.25% and Dr Reddy's Labs down 1.42%, respectively.

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 46.58 4.88 8.58 26.36 13.60 44.72 109.82 5.04 24.05 15.23 16.00 13.77 20.92

Change 2.25 0.01 0.01 0.41 0.22 1.44 3.75 0.06 0.26 -0.22 -0.04 0.35 0.44

Change% 5.08% 0.21% 0.12% 1.58% 1.64% 3.33% 3.54% 1.33% 1.09% -1.42% -0.25% 2.61% 2.15%

Volume 4,434,406 68,395 60,438 1,259,680 335,359 2,237,328 408,228 167,382 47,721 341,328 874,872 48,678 344,648

High 46.71 5.04 8.74 26.38 13.63 44.75 110.37 5.14 24.45 15.38 16.00 13.77 20.99

Low 44.57 4.81 8.45 25.51 13.15 43.61 105.95 4.99 23.57 14.98 15.55 13.37 20.50