Yesterday in US mkts: Dow Jones ends up 128 points or 1.6% at 7970, NASDAQ up 36 points or 2.2% at 1644, S&P 500 up 17.7 points or 2.1% at 850.
In Asia: China's Shanghai Composite was up 0.51% or 12.88 points at 2,548.70. South Korea's Seoul Composite rose 0.51% or 6.88 points at 1,343.69. Hong Kong's Hang Seng was up 0.66% or 100 points at 15,386.95. However, Singapore's Straits Times fell 1.57% or 29.57 points at 1,857.68. Japan's Nikkei was flat at 8,709.63. Taiwan's Taiwan Weighted was flat at 5,882.76.
Indian ADRs rallied on Tuesday. In Banking space, HDFC Bank was up 5.17% at $ 70.6 and ICICI Bank was up 2.21% at $ 16.62. In IT space, Satyam Computers was up 6.56% at $ 1.95, Infosys was up 0.37% at $ 27.21, Wipro was up 1.87% at $ 8.16 and Patni Computers was up 3.13% at $ 6.92. In Telecom space, Tata Communication was up 1.21% at $ 22.63 and MTNL was up 1.04% at $ 2.92. In other sectors, Tata Motors was up 1.17% at $ 6.94, Dr Reddy’s Labs was up 0.57% at $ 10.61 while Sterlite Industries was down 1.17% at $ 7.6.
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