The surprise US Fed move to cut discount rate by 50bps spurred a strong rally on Wall Street yesterday.
While the Dow jumped 233 points to 13,079, the Nasdaq Composite zoomed 54 points to 2,505.
Indian ADRs, too, logged sharp gains on Friday. ICICI Bank zoomed 13% to $42,92. HDFC Bank gained over 8% to $83.95. Infosys, Wipro and Satyam also rallied.
WNS, which had reported a subprime crisis, slumped over 16% to $20.45. Genpact also declined 2% to $14.