Indian ADRs: Patni surges 3.5%, Infosys gains 1.5%

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Indian ADRs: Patni surges 3.5%, Infosys gains 1.5%

Indian ADRs: Patni Computer, Infosys, Dr Reddy's, VSNL, HDFC Bank and ICICI Bank gained.

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Wall Street roared back yesterday, erasing its losses of last week after private-equity buyout deals involving companies such as Four Seasons Hotels Inc. and OSI Restaurant Partners Inc. revived investors' belief that stocks still have room to run. The Dow Jones industrials shot up 119 points.

The Dow rose 119.51 points, or 1%, to 12,105.55. The Dow moved back above the benchmark 12,000 level after closing below that Friday, when the blue chip average ended the week down 104.22 points. The Dow hadn't closed below that level since first finishing above 12,000 on October 19.

Broader stock indicators also advanced yesterday. The Standard & Poor's 500 index was up 15.48 points, or 1.13%, at 1,379.78, and the Nasdaq composite index advanced 35.16 points, or 1.51%, to 2,365.95.

A look at how the Indian ADRs performed: