NEW YORK (TheStreet) -- India's Nifty and a few emerging market ADRs outperformed global indices last week. The Dow Jones rose 0.7%, while the S&P 500 inched up 0.3%. The Shanghai Composite Index declined 2.8%, Brazil's Bovespa dipped 0.5%, while India's Nifty edged up 1.5%.China: Winners and Losers China Technology Development ( CTDC) advanced 36% on reports that its wholly-owned subsidiary Linsun Power Technology will supply 1.55 mega watt transparent multi-crystalline modules for two on-grid solar power plants in Italy. The power plants based at Molfetta and Verona in Italy are expected to become operational in January 2011. Guangzhou Global Telecom, Fuwei Films Holdings ( FFHL), and China Shen Zhou Mining ( SHZ) were notable gainers, jumping 33%, 26% and 17%, respectively during the last one week. China-Biotics ( CHBT), a pharmaceutical company, delivered 9% returns after signing 14 new customers for its bulk additives probiotics products. Among them, one is an animal feed manufacturer, five are functional food and pharmaceutical producers, and the remaining eight are dairy companies. China Digital TV Holding ( STV), Melco Crown Entertainment ( MPEL), and Vimicro International ( VIMC) jumped 10%, 8%, and 8%, respectively. SOHU.Com ( SOHU) and CTRIP.Com International ( CTRP) were the biggest losers, down 14% and 9%, respectively. BAIDU ( BIDU) declined 8.5% past week on the forecast of slower growth in the upcoming year. A senior executive of Baidu expects top-line and bottom-line to moderate during 2011. Other notable losers were Airmedia Group ( AMCN), Acorn International ( ATV), and China Transinfo Technology ( CTFO), declining 8.7%, 8%, and 7.7%, respectively. China Fire & Security Group ( CFSG), engaged primarily in the manufacture of fire-safety products, lost 5.5% after Zacks Investment Research downgraded the stock. In a research note released to clients and investors, Zacks downgraded the company's rating from "neutral" to "underperform". India: Winners and Losers Tata Motors ( TTM), owner of Jaguar Land Rover, gained 6.2% on upbeat global sales of 79,959 units in November 2010, up 6% during the same month last year. Besides, Tata Motors Finance, its captive vehicle financing arm, plans to boost sagging sales of the Nano, world's cheapest car, by providing credit to customers. Technology majors have been other gainers. Infosys Technologies ( INFY), Cognizant Tech Solutions ( CTSH), and WIPRO ( WIT) scaled up 5.7%, 3%, and 2.3%, respectively in the last one week. Sterlite Industries ( SLT), a non-ferrous metals and mining company, closed gaining 1.2% on news that the company is seeking a copper fee jump. On the growing demand for copper , Sterlite and Hindalco Industries are seeking a 76% increase in treatment and refining fees and are mulling a plan to ask mining companies like Freeport-McMoRan Copper & Gold ( FCX) to pay $82 per ton for smelting during 2011, compared with $46.5 this year, as per industry reports.
Internet-related companies, Rediff.com ( REDF) and SIFY Technologies ( SIFY) were the biggest losers, down 11.6% and 7.4%, respectively, last week. iGate ( IGTE) lost 6% on Patni Computers ( PTI) integration fears. iGate, which is backed by Apax Partners, is in the race to buy a 46% stake from Patni's promoters. However, concerns of integration with a rival double its size is weighing on the stock. Dr. Reddy's Laboratories ( RDY) and Patni Computer Systems were other prominent losers, trimming 3.4% and 2.6%, respectively during the past one week. Brazil: Winners and Losers Braskem ( BAK) closed the week gaining 8.6% on ratings upgrade. The stock's was raised to "buy" from "underperform" at Bank of America on strong demand outlook over the next three to five years. Companhia Energetica Minas Gerais(CEMIG) ( CIG), Brazil's third-biggest utilities player, was up 5.7% on news of a capital hike. The company is planning to raise up to $294 million by issuing promissory notes and use the proceeds to enhance its working capital requirement. The company, however, did not mention the time frame by which the issue would be complete. Brasil Foods ( BRFS), the world's largest poultry exporter, scaled up 4% on higher sales forecast. The company expects net sales to climb 10-12% next year, twice as fast as the Brazilian economy. Companhia de Saneamento Basico ( SBS) and Companhia de Bebidas das Americas - AmBev ( ABV) were other prominent gainers, up 2.7% and 2.6%, respectively. Gol Linhas Aereas ( GOL), an airline company, lost 3.3% on news of the company's founder being arrested. Constantino de Oliveira, founder of the company, was arrested on charges of attempted murder of his former son-in-law. Besides, Brasil Telecom ( BTM), Tele Norte Leste ( TNE), and Centrais Eletricas Brasileiras ( EBR) were other losers, declining 3.3%, 3.3%, and 2.8%, respectively.