Commodity shares boosts US markets, Indian ADRs mixed
Rising commodity prices boosted Wall Street, with shares of big multinational companies reaping in tge benefits.
The Dow added 97 points (1%) to 8,500. The Nasdaq gained 23 points (1%) at 1,774.
Indian ADRs were mixed on Friday.
Sterlite surged 4.5% to $13.17. Infosys rallied 3.5% to $34.56.
Genpact, HDFC Bank and Wipro added over 2% each to $10.46, $99.5 and $11.8, respectively.
ICICI Bank moved up 1.5% to $31.14.
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Meanwhile, Tata Communications slumped 9.5% to $18.9. Tata Motors shed 4% to $9.68.
Satyam and Dr Reddy's slipped over 2% each to $2.12 and $13.44, respectively.
Patni Computers and MTNL were flat.