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US market ends firm; MTNL ADR up 3%

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BS Reporter Mumbai

US markets advanced on Monday, sending indexes to fresh 13-month closing highs, after Federal Reserve Chairman Ben Bernanke reinforced expectations that interest rates would stay low to help growth.

The Dow Jones industrial average gained 136 points (1.3%) to 10,406. The Nasdaq Composite Index  jumped 30 points (1.3%) to 2,197.

The Indian ADRs ended on a positive note. HDFC Bank and MTNL advanced over 3% each to $136.51 and $3.36, respectively.

ICICI Bank and Tata Motors added over 2% each to $39.78 and $14, respectively.

Infosys and Wipro were up 2% each

Mahindra Satyam on the other hand slipped around 3% to $5.23 and Patni Computers was donw 2% at $21.38, respectively.

 

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First Published: Nov 17 2009 | 8:10 AM IST

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