Indian ADRs add $7b to market cap

The 16 Indian entities listed on the New York Stock Exchange  (NYSE) and Nasdaq added a net of $7 billion to their market capitalisation for the week ended April 2.

Among these 16 companies, listed as American Depository Receipts, HDFC Bank, which leads the pack of gainers, saw its valuation rising by $2.25 billion to $ 21.88 billion. ICICI Bank saw its valuation climbing by $1.54 billion to $24.26 billion.

Besides, Sterlite Industries’ market capitalisation grew by $1.13 billion to $ 16.09 billion and the valuation of IT firm Wipro also increased by $1.12 billion to $35.25 billion. Tata Motors and BPO firm Genpact too witnessed a significant gain in their respective market capitalisations. Tata Motors’ valuation rose by $491 million to $ 8.59 billion.

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