Wall St bounces back; ADRs rally

US stocks bounced on Wednesday led by P&G better than expected earnings. The Dow Jones industrial average gained 74 points at 11,200. The Nasdaq advanced 17 points to 2079.

The Indian ADRs posted smart gains. Wipro and Tata Motors surged over 4.5% each to Rs 12.60 and $16.31, respectively. Infosys, MTNL and VSNL advanced 3.5% each to $41.64, $6.27 and $ 15.93, respectively. Satyam and ICICI Bank were up over 2% each.