US markets end higher; Tata Motors down 4%

Image
BS Reporter Mumbai
Last Updated : Jan 20 2013 | 11:39 PM IST

US stocks increased on Friday as Procter & Gamble and major home builders advanced on positive brokerage comments and investors bet the economic recovery will be strong enough to sustain corporate profits.

The Dow Jones industrial average was up 36 points (0.37%) at 9,820. The Standard & Poor's 500 Index was up three points(0.26%) at 1,068. The Nasdaq Composite Index was up six points (0.29%) at 2,133.

The Indian ADRs ended on a negative note. Tata Motors decreased 3.5% to $12.85. Tata Communications and MTNL declined 2.5% each to $19.84 and $3.67, respectively. Wipro was down 1% at $16.89.

Dr Reddys on the other hand added 3.5% to $18.1 and Genpact was up 1% at $12.

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Sep 19 2009 | 8:41 AM IST

Next Story