INDIAN MARKETS ROUNDUP
The benchmark BSE index rises 0.48 percent, while the broader NSE index is up 0.6 percent, as shares of pharmaceuticals lead gains on foreign buying and robust post- results management commentary helps. Higher Asian shares also keep sentiment positive.

Indian shares rallied around 1 percent, in a sharp turnaround from earlier mild losses after the leaders of Germany, France, Russia and Ukraine reached a deal to end fighting in eastern Ukraine, sparking gains in global markets.

LOCAL MARKETS PREVIOUS CLOSE
• Shares in India's Bharat Heavy Electricals Ltd down 3.1 pct.
• The company reported a 69 pct decline in December quarter profits.
• BSE index down 0.35 pct; NSE index falls 0.23 pct.
• NSE bank index down 0.94.
• Banks led the declines. State bank of India fell 2 percent.
• ICICI Bank lost 1.3 percent.
• Dr. Reddy's gained 5.7 percent, while Cipla ended 3.8 percent higher.

Shares of State Bank of IndiaBSE 4.25 % rallied as much as 3.5 per cent in trade on Friday, ahead of its results for the quarter ended December 31. SBI pared some of the intraday gains but was still trading 2.6 per cent higher at Rs 291.80. It hit a low of Rs 285.50 and a high of Rs 294.50 in trade today.

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