Saturday, November 22, 2008

Wall St Ends Up, But Futures Drop Later; Adrs Shine - Nov 22, 2008

The Wall Street rallied smartly on the US elections day, however, the futures dropped later in the day as results kicked in.

The Dow Industrial Average index surged 305 points to 9,625. The Nasdaq gained 54 points at 1,780.The Indian ADRs, too, ended with smart gains. Infosys, Genpact, Sterlite, Wipro, ICICI Bank, HDFC Bank, MTNL, Tata Motors and Tata Communications gained 5-8% each.

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