Indian ADRs surge on Wall Street after rally at home
May 18th, 2009 | By Sindh Today | Category: Business, UnCatNew York, May 18 (IANS) Indian shares listed on American bourses climbed in early market trade Monday spurred by historic market rally in India after the Congress-led alliance’s victory in the parliamentary polls.
Among the 16 Indian stocks listed as American Depository Receipts (ADRs), Tata Motors rose by 27 percent to $9.68, ICICI Bank rose more than 29 percent to $30.15 and Infosys Technologies gained 15.3 percent to $36.95.