US markets gain on recovery hopes

US markets ended in green on Monday as hopes of a financial recovery strenghtened as Europe introduced a rescue package for Greece. The Dow added 143 points (1.3%) to 11,151. The Nasdaq jumped 38 points (1.5%) to 2,498. The S&P 500 advanced 16 points (1.3%) to 1,202.

Indian ADRs were also in green. Patni Computers gained 1.6% at $24.13.

Infosys, Wipro and Tata Communications added over 1% each. Satyam Computers and Tata Motors advanced 1% each to $5.37 and $20.6, respectively.

However, ICICI Bank, HDFC Bank and Sterlite were marginally in weak.