US indices rally further

Continuing with its north-bound trend, the US market posted another strong gains on Wednesday following a dip in the crude oil prices. While the Nasdaq closed at a four-year high at 2,189 (up 15 pts), the Dow Jones advanced 43 points to 10,689.

Indian ADRs had a mixed outing on the US bourses. While Infosys and Satyam ended at lower levels, Wipro finished with marginal gains. HDFC Bank, VSNL, MTNL and Dr. Reddy's rose between 1-2%, while ICICI Bank and Tata Motors finished in the red.