Indian ADRs gain over $6 billion last week

For the week ended November 6 2009, Indian entities listed on the New York Stock Exchange and Nasdaq added $6.41 billion to their market-cap, with HDFC Bank alone accounting for $1.38 billion. The banking major’s valuation stood at $17.06 billion.

Among the 16 companies trading as American Depository Receipts (ADRs), another major gainer was IT firm Wipro whose valuation jumped by $1.3 billion to $26.43 billion.

Apart from HDFC Bank and Wipro, copper producer Sterlite Industries and IT bellwether Infosys Technologies also witnessed a substantial gain to their market capitalisation.

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