Indian ADRs shine; oil slips

The Wall Street moved up on Monday backed by a drop in curde oil prices. The Dow gained 36 points at 11,098, and the Nasdaq rallied 20 points to 2307. The US crude oil futures for April delivery plunged $1.91 to settle at $61 a barrel on the NYMEX.

However, the Asian indices are in red. The Nikkei has dropped 120 points to 16,073. The Hang Seng is down 29 points at 15,920.

Infosys and Wipro surged over 3% each to $72.59 and $14.25, respectively. Satyam zoomed 2.5% to $41.45. ICICI Bank advanced 2% to $31.23 and HDFC Bank moved up 1% to $54.03. VSNL plunged 2.3% to $16.40.