Indian ADRs close higher

The Indian ADRs were mostly in the green yesterday as the US markets closed higher on expectations that the Federal Reserve could again step in to support the economy.

The top gainers for the day were Dr Reddy's up over 3.5% at $36, HDFC Bank and Tata Motors adding 2.5% each at $178 and $23 respectively.

Sterlite, ICICI Bank, MTNL and Tata Communications up 1% each are the other notable gainers.

However, two scrips remained in the negative. IT major, Infosys Technologies continued to languish in the negative, losing 0.3% at $61 after its not-so-encouraging Q1 numbers.

The other scrip was Wipro which lost 0.6% to close at nearly $13.