Indian ADRs shine on Wall Street

The Wall Street rallied for the second consecutive day yesterday. The Dow Jones was up 58 points at 11,210, and the Nasdaq surged 16 points to 2312. The US crude oil futures for April delivery soared over 3% ($1.81) to settle at $61.77 a barrel on the NYMEX.

The Nikkei has dropped 121 points to 16,1980. The Hang Seng has moved up 33 points to 15,753.

The Indian ADRs fnished mostly with gains. MTNL zoomed 5% to $7.74, and VSNL surged 2% to $17.96. Infosys rallied 1.7% to $71.40. Satyam added 2% to $40.99. ICICI Bank advanced over 1% to $52.98. Dr.Reddy's, however, ended 0.6% lower at $30.22.