Dow, Nasdaq rally; Indian ADRs shine

Bs_logoImage
BS Reporter Mumbai
Last Updated : Jan 20 2013 | 7:34 PM IST

The Wall Street ended higher for the third straight day on Thursday. Better than expected retail sales data and confidence building in the financial sector helped the upmove. The Dow Jones industrial average index surged 3.5% (240 points) to 7,170. The Nasdaq soared 4% (54 points) to 1,426.

Indian ADRs, too, ended with smart gains. Tata Motors zoomed 10.5% to $3.87, and Patni Computers soared 7.5% to $5.23. Wipro surged nearly 5% to $6.07. ICICI Bank rallied 4.3% to $11.75. Infosys and Sterlite moved up nearly 4% each to $25.40 and $5.22, respectively. MTNL, however, shed 2.5% at $2.38.

Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Access to Exclusive Premium Stories Online

  • Over 30 behind the paywall stories daily, handpicked by our editors for subscribers

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Mar 13 2009 | 8:30 AM IST