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Indian ADRs end mostly higher

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SI Reporter Mumbai

Most of the Indian ADRs ended on a positive note after Wall Street indices advanced on earning and expectations of a solution over US debt stalemate.

Indian IT ADRs logged gains, Infosys climbed 1.5%, TCS gained 0.8%, Wipro was up 1.2%, and Genpact gained 0.5%.

From the auto pack Tata Motors edged up 1.2%. Among the healthcare space, Dr Reddy's added 1.4%.

Investors cashed into banking shares, HDFC was up 1.5% and ICICI Bank added 1.8%.

However, India's Telephone service provider MTNL ADR declined 0.5% and from the metal pack, Sterlite Industries also fell 0.6%.

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First Published: Jul 23 2011 | 10:29 AM IST

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