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Dow adds 196pts; Indian ADRs end +ve

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BS Reporter Mumbai

US stocks climbed more than 2% on Tuesday as the confidence data showed the biggest monthly leap in six years  and it lifted hopes of an economic rebound.  A brokerage upgrade of Apple Inc also helped the Nasdaq to gain.

The Dow Jones industrial average rose 196 points( 2%) to finish at 8,473. The Standard & Poor's 500 Index was up 23 points, (3%) at 910. The Nasdaq Composite Index was up 58 points (3%) at 1,750.

The Indian ADRs ended on a positive note. Patni Computers zoomed over 9% to $10.18. 

HDFC gained 4% at $95.46. and Sterlite added over 3% at $11.30.

 

Infosys advanced 2.5% at $32.41. MTNL, Dr Reddy's and Wipro were up 2% each at $3.92, $13.73 and $11.17, respectively.

Genpact was flat at $10.47.

Tata Communications tumbled over 11.5% to $22.24.  Tata Motors slipped 1.5% to $ 9.46.

 Satyam and ICICI Bank were down 1% each at $2.14 and $29.20, respectively.

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First Published: May 27 2009 | 8:15 AM IST

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