Don’t miss the latest developments in business and finance.

US markets up as interest rates decline

Image
BS Reporter Mumbai
Last Updated : Jan 20 2013 | 9:33 PM IST

Sharp drop in interest rates, improving labour market conditions and rising commodity prices buoyed US markets on Thursday.

The Dow added 32 points to 8,771. The Nasdaq gained nine points to 1,862.

Indian ADRs were up. Tata Communications soared 9% to $22.04.

MTNL surged 7% to $4.91. Sterlite rallied 6% to $14.84.

Genpact, Wipro and HDFC Bank added 2% each to $11.33, $12.91 and $109.33, respectively.

However, Satyam plunged 13% to $4.3. Patni Computers slipped 4% to $10.46.

Also Read

First Published: Jun 12 2009 | 8:12 AM IST

Next Story