Business Standard

Wall St bounces back; ADRs move up too

Image

BS Reporter Mumbai

The Dow Jones industrial average moved up 69 points to 11,417. The Nasdaq added five points to 2,389.

Among the Indian ADRs - ICICI Bank rallied 4% to $31.09, and HDFC Bank surged 3.7% to $85.85. Sterlite and Panti Computers gained over 3% each at $14.01 and $10.55, respectively. Wipro and Tata Communications were up over 1% each.

On the other hand, Tata Motors slipped nearly 2% to $9.45, and Dr.Reddy's declined 1% to $13.64.

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Aug 21 2008 | 8:31 AM IST

Explore News