US stocks rebound; ADRs shine

The US stocks rebounded on Monday after a two-day fall. The Dow Jones industrial average surged 93 points to 13,358. The Nasdaq moved up 21 points to 2583.

Indian ADRs ended in green. ICICI Bank and HDFC Bank soared over 4% each to $46.02 and $87.55, respectively. MTNL surged 3.7% to $7.50. Satyam and Tata Motors rallied nearly 3% each to $26.91 and $17.75, respectively. Sterlite, Wipro, Patni Computers and VSNL also ended with smart gains.