Indian ADRs: Wipro, Infosys, Patni, HDFC Bank gained while VSNL and ICICI Bank lost ground.
Wall Street barrelled higher yesterday, with the Dow Jones industrials surging further into record territory after a Federal Reserve official indicated the Fed will maintain its policy of stable interest rates.
The Dow rose 86.13 points, or 0.71%, to close at 12,218.01, above the previous record close of 12,176.54 reached last Wednesday. The blue chips also reached a new trading high of 12,228.01.
Broader stock indicators also closed sharply higher. The Standard & Poor's 500 index rose 8.80 points, or 0.64%, to 1,393.22. It hit a trading high of 1,394.49; this was the first time the S&P 500 surpassed 1,394 since November 2000.
The Nasdaq composite index rose 24.28 points, or 1.01%, to 2,430.66.
A look at how the Indian ADRs performed:
READ MORE ON US, Wall Street, Nasdaq, S&P 500, Dow Jones, Infosys, Satyam Computer, Wipro, ICICI Bank, HDFC Bank, MTNL, VSNL, Dr Reddy's Lab, Tata Motors
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Economy turning for sure but cant say for mkts: DSP