Indian ADRs end on a positive note
Most of the Indian ADRs ended in the green on Monday bouyed by gains on Wall Street on back of buying interest post AT&T deal. AT&T announced plans to buy T-Mobile USA owned by Deutsche Telekom.
India's Telephone MTNL ADR was up 1.6% IT stocks also surged in trade yesterday. Infosys and Genpact advanced 1% and 0.6% each. Wipro was the top gainer, up 4.1%.
From the healthcare space, Dr Reddy's zoomed 1.2%. From the metal pack, Sterlite Industries moved up by 1.7% at $14.27.
Investors cashed out of Banks, HDFC Bank dipped 1.2% to $154 and ICICI Bank declined 1.2%.