Business Standard

US markets rally; ICICI Bank zooms 9%

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BS Reporter Mumbai

US markets rallied thus pushing the Dow industrials to a 13-month high on Monday, after the Group of 20 pledged to keep aid flowing to the world economy.

The Dow Jones industrial average jumped 203 points (2.03%) to 10,226.The Nasdaq Composite Index gained 41 points (1.97%) to 2,154.06

All the Indian ADRs ended on an extremely strong note. ICICI Bank rallied 9% to $39.18 and HDFC Bank soared 8% to $130.39, respectively.

Mahindra Satyam zoomed 7% to $5.62 and Tata Motors advanced 4% to $12.67, respectively.

Patni Computers, Wipro, Dr Reddys, and MTNL increased 3-4% each.

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First Published: Nov 10 2009 | 8:06 AM IST

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