Business Standard

US markets ended on a positive note; Dow Jones up 1%

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BS Reporter Mumbai

The Dow Jones industrial average advanced to its highest close in 14 months on Tuesday as a weak dollar boosted natural resource companies' shares and economic data reinforced hopes for a sustainable recovery.

The Dow Jones industrial average shot up 127 points (1.23%) to end at 10,471.58. The Nasdaq Composite Index advanced 31 points (1.46%) to close at 2,176.

All the Indian ADRs ended on a positive note. Tata Motors zoomed 11% to $15.9. Sterlite soared 4% to $19.07 and Genpact zoomed 3.5% to $13.45, respectively.

MTNL and Dr Reddy's advanced over 3% each to $.35 and $24.98, respectively.

Wipro and Mahindra Satyam added over 2% each at $20.47 and $4.4, respectively.

 

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First Published: Dec 02 2009 | 8:14 AM IST

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