By Rodrigo Campos

NEW YORK, April 29 (Reuters) - Overseas shares traded in the United States rallied on Wednesday as Spanish bank Santander's results lifted bank shares and higher commodities prices bolstered the energy and basic materials sectors.

New York-traded shares of Santander (STD.N: Quote, Profile, Research) jumped 6.3 percent to $8.89 after the euro zone's largest bank beat first-quarter profit forecasts and gave an upbeat outlook. For details see [ID:nLT33625]

Most foreign bank shares rose as Bancolombia (CIB.N: Quote, Profile, Research) gained 4.6 percent to $22.73, India's ICICI Bank (IBN.N: Quote, Profile, Research) surged 14.6 percent to $20.75 and Japan's Mizuho Financial Group (MFG.N: Quote, Profile, Research) increased 3.6 percent to $4.31.

The broad-based rally was also driven by U.S. government data on consumer spending and inventories that hinted the recession may be easing, despite a first-quarter contraction that was sharper than expected. [ID:nN2987998]

The Bank of New York Mellon's index of leading American Depositary Receipts (ADRs) rallied 3.4 percent while the U.S. benchmark S&P 500 index .SPX gained 2.2 percent. The Dow Jones industrial average .DJI added 2.1 percent.

The ADR index broke the 100-point level for the first time since Jan. 12 and closed at 99.66, the highest close since that day.

The ADRs of global miners were among top gainers after recent declines as copper prices shot up, with Rio Tinto plc (RTP.N: Quote, Profile, Research) up 7.5 percent at $157.98 and Anglo American AAUK.O up 9.5 percent at $10.60.

Energy companies' ADRs also rose as NYMEX crude oil futures CLc1 gained $1.05, or 2.1 percent, to settle at $50.97 per barrel. Italy's Eni Spa (E.N: Quote, Profile, Research) gained 2.4 percent to $43.01 and China Petroleum (SNP.N: Quote, Profile, Research) rose 4.1 percent to $76.85.