Wall St ends flat; Indian ADRs rally

The US indices ended on a flat note recovering from early losses. The Dow Jones industrial average was marginally (12 points) down at 12,248, and the Nasdaq closed almost unchanged at 2,219.

The Indian ADRs rallied. Wipro surged 3.6% to $12.34. Tata Motors, Dr.Reddy's and VSNL gained over 3% each at $17.42, $28.45 and $17.06, respectively. Satyam and ICICI Bank were up around 2.5% each at $33.02 and $27.20, respectively.