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Indian equity markets were closed Monday for a holiday. Here's how some India-based American depositary shares traded in the U.S.

Shares of Indian mining company


(SLT) - Get Salt TruBeta High Exposure ETF Report

surged 2.8% Monday. On


"Stop Trading!" segment Friday, Jim Cramer touted the stock as a buy, saying Sterlite will benefit from China's demand for zinc, copper and aluminum. American depositary shares of Sterlite, which trade on the


, closed up 61 cents at $22.43 on heavy volume.

Harman International


announced it has inked a deal with Wipro Technologies to transfer responsibility for Harman's information technology (IT) infrastructure to


(WIT) - Get Wipro Limited Sponsored ADR Report

. Under the terms of the deal, Wipro will provide support for help desk operations and administration of desktop systems, servers and networking services for Harman's IT operations in 10 countries including America, Europe and Asia. Shares of Wipro traded up 1.3% to $13.42.

Some of the top performing Indian ADRs Monday were

TheStreet Recommends


, which rose 2.2% to $8.84;


(HDB) - Get HDFC Bank Limited Sponsored ADR Report

, which advanced 1.2% to $109.26; and

Tata Communications


, which closed up 1.4% to $24.20.

Be sure to check out the

Far East Portfolio

at every night to find out which stocks in India and China are making big moves and announcing major news.

China Recap

Stocks in China trade mixed Monday with shares in Hong Kong rising while stocks in mainland China fell as the country observed a three-day mourning period for victims of last week's 7.9 magnitude earthquake. Traders said market sentiment is very low as investors continue to feel the effects of the quake that killed more than 34,000 people.

"It looks like over the weekend people decided that this is fertile ground and they are not being bullish enough because the earthquake damage is pretty extensive," said Howard Gorges, vice chairman of South China Brokerage.

The Shanghai Composite Index slipped 19.47 points, or 0.5%, to 3,604.76 and Hong Kong's Hang Seng Index went up 123.37 points, or 0.48%, to 25,742.20.

Shares of

Perfect World


, a Chinese online game developer, plunged 12% after the company beat Wall Street estimates for the first-quarter, but lowered its second-quarter revenue forecast due to the suspension of online gaming services for three day as part of a national mourning period for earthquake victims. The company said net income jumped 295% to $22.6 million and diluted earnings per American depositary shares were 40 cents, vs. Wall Street estimates of 35 cents. First-quarter revenues soared 247% to $43.2 million, vs. estimates of $39.39 million. American depositary shares of Perfect World, which trade on the


, fell $3.99 to $27.31.

Elsewhere in the Chinese online gaming sector,

The9 Limited

(NCTY) - Get The9 Ltd. Sponsored ADR Report


Shanda Interactive Entertainment



Giant Interactive Group



(SOHU) - Get Limited Sponsored ADR Report

have all suspended their online games for three days starting today in memory and observance of earthquake victims in the country. Shares of NCTY rose 2% to $25.79, SNDA fell 5.6% to $34.88, GA dropped 8.6% to $14.25, and SOHU finished down 1.5% at $82.24.


(SINA) - Get SINA Corp. Report

, the leading Internet portal in China, announced it has launched an English news site to provide China-related news and content services. The new site will provide coverage of current events in China for an international audience.

SINA also had its target price raised by Credit Suisse from $60 to $72 and the firm reiterated its outperform rating on the stock. Shares of SINA slipped 2.4% to $53.59.

Shares of Hong Kong-based

City Telecom


surged 16% after the company said profits jumped 162% year-on-year to HK$47.8 million and total revenue rose 10.9% to HK$623.8 million, due to strong demand for Fixed Telecommunications Network Services (FTNS) business. The company said FTNS revenue increased by 19.1% year-on-year to HK$474.9 million and new subscribers totaled 43,000 to 726,000. Shares of CTEL traded up 80 cents to $5.75.

Leading the gainers list among stocks based in China Monday were,

China Precision Steel


, which ripped higher by 33% to $7.96;


(ATAI) - Get ATA Creativity Global Sponsored ADR Report

, which jumped 16% to $14.60;

LJ International


, which added 12% to $3.90; and

China Shenghuo Pharmaceutical


, which traded up 10.9% to $5.49.

Be sure to check out the

Far East Portfolio

at every night to find out which stocks in India and China are making big moves and announcing major news.

For more on Asia, check out

Daniel Harrison's coverage



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