US markets surged on Wednesday as Federal Reserve gave an optimistic outlook of the economy. The Dow added 120 points (1.3%) at 9,362. The Nasdaq gained 29 points (1.5%) to 1,999.
The Federal Reserve kept the interest rates unchanged and also commented that the economy was gradually recovering.
Indian ADRs surged. Tata Motors rallied 5% to $11.58. Patni Computers gained 4.5% at $15.63.
ICICI Bank, MTNL and Mahindra Satyam added 3.5% each to $30.44, $4.05 and $5.45, respectively.
Tata Communications advanced 2.5% to $19.49. Wipro, HDFC Bank, Sterlite and Dr Reddy's were up over 1% each.
Infosys and Genpact moved up 1% each to $43 and $12.49, respectively.
