The Instanex Skindia DR Index (ISDI) gained over 1 per cent to 518.80 on Monday as compared with the previous close at 5 pm IST.
Among seven ISDI global depository receipts (GDRs), five advanced, one lost ground and one remained unchanged.
The only gainer was Reliance Industries (up 6.86 per cent to $12.47). Major losers were ITC (down 2.60 per cent to $15.00), Larsen & Toubro (L&T) (down 0.93 per cent to $9.56) and Ranbaxy (down 0.63 per cent to $15.65). Hindalco remained unchanged at $14.85.
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On Monday, among Indian American depositary receipts, six advanced and one lost ground. Major gainers were Infosys Technologies (up 4.07 per cent to $46), Satyam Computer (up 4.07 per cent to $8.69) and Wipro (up 3.43 per cent to $20.21). The only loser was Dr Reddy's (down 1.24 per cent to $19.06).
The ADRs of Silverline Technologies were quoted higher at $1.64, $46.00 and $8.69, respectively, as against $1.31, $44.20 and $8.35, previously.
However, the GDRs of State Bank of India and Reliance declined to $17.74 and $12.45, respectively, as against $18.05 and $12.63, previously. The ADR of Rediff.com also dropped to $4.46 compared with $4.80 previously.
The ISDI, which represents the GDRs and ADRs of 15 actively traded companies, rallied by 0.39 per cent to 519.77 on June 2 as against its previous close of 517.76, an Instanex Capital release said. The ISDI P/E ratio also surged by 0.49 per cent to 10.91 as against 10.86 previously.
Meanwhile, US stocks are set to tick lower at Tuesday's open, retreating from their recent rally, after news of an accounting probe at IBM stirred up questions about corporate credibility.
The blue chip Dow index rallied to its highest close in a year on Monday after an encouraging report on the manufacturing sector that lifted hopes for an economic rebound, but technology stocks lost ground.