L&T GDR rises 6.83%

In line with key Asian markets, Indian global depository receipts (GDR) traded firm in London on Friday.

The Instanex Skindia DR Index (ISDI), which tracks 15 actively traded Indian depository receipts, surged 1.14 per cent to 987.58 till mid-trading session.

Larsen & Toubro's GDR rose 6.83 per cent to $21.90, registering volumes of 30,000 receipts. Reliance Industries GDR rose 3.72 per cent to $26.50, with volumes of 33,440 receipts. Ranbaxy's GDR vaulted 1.54 per cent to $26.40, with volumes of 21,461 receipts.

However, ITC's GDR fell 1.50 per cent to $23.01 registering volumes of 38,000 GDRs. SBI's GDR shed 0.83 per cent to $30. Hindalco's GDR eased down 0.68 per cent to $29.20 with volumes of 28,500 GDRs.

On Thursday, the ISDI rose 0.48 per cent to close at 979.64. The ISDI price-earning ratio settled up 0.48 per cent to 18.96.

Key Asian markets reverberated on overnight gains on the Wall Street. In Japan, the Nikkei 225 average spurted 1.79 per cent to 10,284.54. The broader Topix rose 1.31 per cent to 1008.51.

While in Seoul, the Kospi moved up 0.46 per cent to 811.20. In Hong Kong, the Hang Seng moved up 1.1 per cent to 12,377.57. Taiwan's Taiex closed in the red after an initial upward movement. It was down 0.17 per cent at 5759.23

On Thursday, the Dow Jones industrial average's spiraling up 102.82 points or 1 per cent to 10248.08 and the Standard & Poor's 500 climbing 12.70 points or 1.2 per cent to 1089.18.