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For the week ended September 11, Indian entities listed on the New York Stock Exchange and Nasdaq added USD 3.43 billion to their market-cap, with Infosys valuation alone climbing by USD 1.08 billion.
Private sector lender HDFC Bank's market capitalisation shot up by USD 648 million, while IT major Wipro witnessed an increase of USD 587 million.
Another major gainer among the 16 companies trading as American Depository Receipts (ADRs) was copper producer Sterlite Industries whose valuation jumped by UDS 354 million.
ADRs are bought and sold on American markets just like stocks and are issued in by a bank or a brokerage firm.
Apart from Infosys, Wipro, HDFC Bank and Sterlite Industries, ICICI Bank and Dr Reddy's Lab too witnessed a significant rise in their respective market capitalisation.
ICICI Bank's valuation rose by USD 318 million, while that of Dr Reddy's Laboratories grew by USD 273 million.
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