Wall St rallies on stimulus bill; ADRs zoom
The Wall Street ended with smart gains on Wednesday after the US House approved the $825 billion stimulus package. The Dow Jones industrial average index rallied 201 points to 8,375. The Nasdaq gained 53 points at 1,558. The Indian ADRs, too, ended with sharp gains. ICICI Bank zoomed over 15% to $17.46, and Satyam soared 10% to $2.09. HDFC Bank surged 8.5% to $62.64. Tata Motors moved up over 6% to $4.35. Infosys, Wipro, MTNL, Tata Motors, Dr.Reddy's and Tata Communications gained 2-6% each.
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