Major US indices registered significant gains on Friday, with the Dow Jones flared up by 369 points at 11,388, the Nasdaq moved up by 75 points to close at 2274.
Except MTNL all the Indian ADRs traded firm on the US bourses. Satyam Computer led the pack with gains of nearly 13.04% followed by Infosys & Wipro gained above 10%, ICICI Bank, Rediff, HDFC Bank and Patni Computer jumped over 5-7% each. Among other gainers Dr Reddy's Lab,Tata motors and VSNL added around 0.50% each.
Crude oil prices advanced further sharply, with the Nymex light crude oil for October delivery gaining by $6.67 to close at $104.55 a barrel. In the commodity space, the Comex gold for December delivery lost $32.30 to settle at $864.70 an ounce.
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