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US stocks end higher; Indian ADRs follow suit
Source: IRIS International | 19 Nov, 2012, 07.20AM
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US stocks posted their biggest daily gain Friday since the U.S. presidential election, after lawmakers said budget talks with the White House were "constructive."

The Dow Jones Industrial Average rose 45.93 points, or 0.4%, to 12,588.31. The Standard & Poor's 500-stock index added 6.55 points, or 0.5%, to 1,359.88. The Nasdaq Composite Index climbed 16.19 points, or 0.6%, to 2,853.13.

Majority of Indian ADRs ended on a positive note, barring Tata Motors, Tata Communications, ICICI Bank & MTNL.

ADR Watch - Nov 16, 2012
Indian ADRs USD($) % Gain/(Loss)
Infosys Technologies 42.55 1.65
iGate Computer Systems 19.70 1.03
H D F C Bank 37.68 0.96
Sterlite Industries (India) 7.11 0.42
Dr Reddy'S Laboratories 31.69 0.38
Wipro 8.15 0.25
Tata Motors 24.19 (0.86)
Tata Communications 8.54 (1.27)
I C I C I Bank 37.36 (1.99)
Mahanagar Telephone Nigam 0.94 (6.92)



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