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US stocks rally; tech ADRs up

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BS Reporter Mumbai

The Dow Jones Industrial Average gained 130 points or 1% to 12,876.31 points.

The strengthening dollar also propped up Indian tech ADRs. Infosys was up 1.56% to $43.58, Satyam gained 1.54% to $26.42 and Wipro was up 1.39% to $13.17. HDFC Bank was up 0.79%. However, ICICI Bank ADR declined 0.61% to $42.22, Sterlite lost 0.83% to $20.23.

 

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First Published: May 13 2008 | 9:34 AM IST

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