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Wall St rallies on banking plan details; ADRs dazzle

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BS Reporter Mumbai
Last Updated : Jan 19 2013 | 11:26 PM IST

The Wall Street rallied sharply on Monday on optimism over the financial shares after the US government announced details of the banking bailout plan.

The Dow Jones industrial average index zoomed 6.8% (497 points) to 7,776. The Nasdaq soared 6.7% (99 points) to 1,556.

Indian ADRs, too, ended with dazzling gians. HDFC Bank zoomed over 23% to $63.76. Wipro, ICICI Bank and MTNL soared around 16% each to $7.69, $14.54 and $2.69, respectively.

Infosys, Sterlite, Patni Computers, Tata Motors, Dr.Reddy's and Tata Communications gained 6-13% each.

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First Published: Mar 24 2009 | 8:38 AM IST

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