U.S. stocks witnessed the biggest rally in 70 years on Monday as government planned to acquire stakes in bleeding banks and a Federal Reserve-led push to inject dollars in the global financial system.
The Dow gained 936.42 points, or 11.08%, to close at 9,387.61. The S&P 500 index increased 104.13 points, or 11.58%, to end at 1,003.35. The Nasdaq Composite advanced 194.74 points, or 11.81%, to end at 1,844.25.
Indian ADRs followed the trend of US markets to end at positive note.
| ADR Watch - Oct 13, 2008 |
| Indian ADRs |
USD($) |
% Gain/(Loss) |
| Wipro |
9.26 |
39.67 |
| I C I C I Bank |
18.00 |
29.96 |
| Tata Communications |
22.00 |
28.13 |
| Infosys Technologies |
29.51 |
23.42 |
| H D F C Bank |
73.86 |
19.13 |
| Sterlite Industries (India) |
6.79 |
18.09 |
| Satyam Computer Services |
14.53 |
17.18 |
| Patni Computer Systems |
6.83 |
10.16 |
| Tata Motors |
6.46 |
9.31 |
| Dr Reddy`S Laboratories |
9.11 |
7.18 |
| Mahanagar Telephone Nigam |
3.29 |
7.17 |
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