Indian ADRs jump on Monday

Indian ADRs jumped on Monday on the back of gains in banking stocks. ICICI bank surged 5% to $47.95. HDFC Bank rallied 4.3% to $175.94.

Infosys and Dr Reddy's jumped 3.8% each to $64.71 and $31.87, respectively.

Genpact gained 3% at $16.15. Sterlite added 3% to $14.55.

Wipro advanced 1.5% to $13.41.

Mahindra Satyam, Patni Computers and Tata Motors added around 1% each.