Wall St rallies, Indian ADRs surge

Wall Street rallied smartly yesterday. The Dow Jones industrial average gained 105 points to 11,079. The Nasdaq surged 34 points to 2141.

Indian ADRs, barring, Dr.Reddy's all finished with smart gains. Tata Motors surged 5.3% to $17.63. VSNL soared over 4% to $16.70. Infosys, Satyam, Wipro, HDFC Bank and MTNL were up 2-3% each.