Wall Street up; Indian ADRs tumble

The Nasdaq moved up 11 points to 2345. The Dow Jones added 28 points to 11,383.

The Indian ADRs tumbled yesterday on Wall Street. HDFC Bank slumped nearly 7% to $55.26. Patni Computers, ICICI Bank and MTNL plunged over 6% each to $16.14, $25.70 and $8.82, respectively. Infosys, Satyam, Wipro, Dr.Reddy's and VSNL were down 2-5% each.