Indian ADRs gain $217 m in a week

 
For the week ended November 20, Indian entities listed on the New York Stock Exchange and Nasdaq added US$217 million to their valuation, although the loss suffered by 10 companies eroded some of the gains posted by the remaining six entities. As many as 10 companies, including private sector lender ICICI Bank and copper producer Sterlite Industries, together lost US$1.27 billion from their market capitalisation.

IT major Wipro, which led the gains among the Indian stocks, saw its market capitalisation rising by US$921 million to US$30 billion last week.

Meanwhile, ICICI Bank was the major loser during the week. The company has witnessed a value erosion of US$467 million to its valuation to US$21.17 billion.