Indian ADRs added $ 3.1b past week, Wipro leads
Monday, 21 December 2009
NEW YORK, Dec 20 (PTI): The cumulative valuation of the Indian stocks trading on the American bourses rose by USD 3.1 billion past week, with IT major Wipro emerging as the biggest gainer in terms of market capitalisation.
For the week under review, 10 of the 16 Indian entities listed on two US bourses -- the New York Stock Exchange and the Nasdaq -- together added USD 3.1 billion to their total market capitalisation (market-cap), while the remaining six together suffered losses to the tune of USD 2.93 billion.
During the week ended December 18, Indian software major Wipro led the pack of gainers, adding USD 4.20 billion to its valuation taking it to USD 33.43 billion.
For the week under review, 10 of the 16 Indian entities listed on two US bourses -- the New York Stock Exchange and the Nasdaq -- together added USD 3.1 billion to their total market capitalisation (market-cap), while the remaining six together suffered losses to the tune of USD 2.93 billion.
During the week ended December 18, Indian software major Wipro led the pack of gainers, adding USD 4.20 billion to its valuation taking it to USD 33.43 billion.