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.

The S&P BSE Sensex rallied as much as 230 points in trade on Monday, led by gains in ITC, Tata Motors, HDFC Bank, TCS and HUL. The Nifty was at 8861 up 55 points or 0.63 per cent. It touched a high of 8870.10 and a low of 8824.70 in trade today.

LOCAL MARKETS PREVIOUS CLOSE
• The NSE index rose 0.98 percent to 8,711.55.
• The BSE index rose 0.95 percent to 28,805.10.
• Suzlon Energy gains 5.4 pct.
• Dr. Reddy's gained 5.7 percent, while Cipla ended 3.8 percent higher.
• CICI Bank ending up 1.3 percent after earlier falling as much as 1.4 percent.
• State Bank of India fell 0.6 percent.
• Indexes head for first weekly gain in last three.

Gold
Spot gold prices traded lower for most of the last week with prices making a low of $1216.45 and high of $1245.80. Rise in the dollar offset the supportive impact of concerns over Greece's future in the euro zone and fears over escalating violence in Ukraine, which hurt risk appetite.

Energy (Crude Oil)
Oil markets traded volatile last week trading in the range of $5 making an high of $53.99and low of $48.04.

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