Indian ADRs: Technology stocks continue to rally

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:

Name Infosys Sify Rediff.com India Satyam Wipro ICICI Bank HDFC Bank MTNL VSNL Dr Reddy's Lab Tata Motors Patni Computer

Symbol INFY SIFY REDF SAY WIT IBN HDB MTE VSL RDY TTM PTI

Price 56.50 9.69 16.56 22.64 15.14 37.99 74.64 6.07 19.60 17.45 18.68 21.03

Change 1.33 0.67 0.83 0.03 0.58 -0.43 1.39 0.04 -0.40 -0.05 -0.14 0.53

% Chg 2.41% 7.43% 5.28% 0.13% 3.98% -1.12% 1.90% 0.66% -2.00% -0.29% -0.74% 2.59%

Volume 1,568,821 837,531 490,330 1,505,100 807,100 1,394,100 350,100 154,500 150,800 346,800 626,500 42,800

High 56.60 9.74 17.17 22.89 15.14 38.78 74.95 6.12 19.77 17.58 18.69 21.10

Low 55.22 9.01 15.68 22.36 14.58 37.90 73.62 6.00 19.17 17.33 18.52 20.61