US stocks rose on Wednesday (December 5) after the new data showed that the overall economy is holding up but isn`t too strong to prevent the Federal Reserve from cutting interest rates.
The Dow Jones industrial average rose 196.23 points, or 1.48%, to 13,444.96, resuming the big recovery it launched last week following a mostly dismal November.
The NASDAQ composite index rose 46.53 points, or 1.78%, to 2,666.36.
The yield on the 10-year treasury note, which moves inversely to its price, rose to 3.95% from 3.90% late Tuesday.
Indian ADRs following their US counterparts ended the day on a positive note.
Gainers:
| Company | USD | % Gain |
| ICICI Bank | 60.39 | 2.51 |
| Cognizant | 31.78 | 2.65 |
| Infosys | 42.94 | 2.80 |
| Tata Motors | 19.59 | 4.54 |
| Sterlite | 27.73 | 5.04 |
| Satyam | 27.46 | 2.69 |
| HDFC Bank | 139.70 | 4.46 |
| Dr Reddy | 16.83 | 1.02 |
| Wipro | 14.75 | 0.48 |
| MTNL | 9.50 | 6.15 |
| VSNL | 33.20 | 4.76 |
| Patni Computers | 17.10 | 2.40 |
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