Wall St bounces back; Most Indian ADRs gain

The Wall Street bounced back last night following a drop in oil prices. The Dow Jones industrial average gained 74 points at 11,168. The Nasdaq added 14 points to 2,179.

Most of the Indian ADRs ended with gains. Satyam surged 2.6% to $32.17. Tata Motors, Infosys and ICICI Bank advanced over 1% each to $16.80, $70.60 and $26.60, respectively. VSNL dropped 2% to $16.74.

The crude oil futures for July delivery slipped 74 cents to settle at $71.29 per barrel on the NYMEX.