CLOSING BELL: Sectorally, the Nifty Pharma index was the best performing index, rising 2.5 per cent on the NSE. The Nifty Auto index, on the other hand, slipped 0.4 per cent

Market LIVE: Sensex, Nifty consolidate; pharma, financials firm; autos slip

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		<b>CLOSING BELL</b><br />
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			Benchmark indices bucked the weak Asian trend and rose on Friday as the Assembly elections&#39; euphoria extended into a second day. However, developments around the Ukrainian war, commodity prices, and the US inflation data kept the markets volatile through the day.</div>
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			The S&P BSE Sensex hit a high of 55,834 in early deals but eased off to end at 55,550, up 86 points or 0.15 per cent. The Nifty50, on the other hand, settled at 16,630, up 35 points or 0.2 per cent.</div>
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			The breadth was well-balanced as equal number of stocks advanced and declined on both the frontline indices. The gainers included Cipla, Sun Pharma, BPCL, JSW Steel, Dr Reddy&#39;s Labs, IOC, Power Grid, Coal India, and ITC, while the losers were Nestle India, Maruti Suzuki, Tata Consumer Products, Tata Steel, Britannia, Axis Bank, Hindalco, NTPC, Eicher Motors, and TCS.</div>
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			In the broader markets, the Midcap index (up 0.45 per cent) and the Smallcap index (up 0.87 per cent) on the BSE outperformed the benchmarks.&nbsp;</div>
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			Among individual stocks, shares of <strong>BSE Ltd</strong> hit a record high of Rs 2,868 after they rallied 10 per cent on the National Stock Exchange (NSE) in Friday&#39;s intra-day trade. <a href="https://www.business-standard.com/article/markets/bse-extends-rally-zooms-52-in-10-days-stock-hits-record-high-122031100207_1.html" target="_blank"><strong>READ MORE</strong></a></div>
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			That apart, shares of <strong>paper companies</strong>, including JK Paper, Tamil Nadu Newsprint & Paper, West Coast Paper Mills, Ruchira Papers and Star Paper Mills rallied up to 14 per cent on Friday, amid heavy volumes, on expectation that re-opening of offices, educational institutions, and courts will lead to regularization of demand. <a href="https://www.business-standard.com/article/markets/paper-stocks-rally-jk-paper-tn-newsprint-west-coast-surge-up-to-14-122031100489_1.html" target="_blank"><strong>READ MORE</strong></a></div>
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			<strong>Sugar stocks</strong>, too, were on a roll on Friday with frontline stocks like Balrampur Chini Mills, Triveni Engineering & Industries, Dhampur Sugar Mills, Avadh Sugar & Energy and Dwarikesh Sugar Industries hitting their respective record highs. These shares rallied up to 11 per cent each in the intra-day trade on strong outlook and foreign institutional investors (FIIs) buying. <a href="https://www.business-standard.com/article/markets/sugar-stocks-on-roll-balrampur-triveni-dhampur-dwarikesh-at-new-highs-122031100633_1.html" target="_blank"><strong>READ MORE</strong></a></div>
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			Sectorally, the Nifty Pharma index was the best performing index, rising 2.5 per cent on the NSE. The Nifty Auto index, on the other hand, slipped 0.4 per cent.</div>
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			<strong>Global markets</strong></div>
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			European markets nudged higher on Friday, as global investors assessed soaring US inflation and a hawkish surprise from the European Central Bank, while continuing to track developments in Ukraine. The pan-European Stoxx 600 added 0.5 per cent in early trade, with travel and leisure stocks climbing 2.4 per cent to lead gains.</div>
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			Dow Jones, S&P500, and Nasdaq Composite Futures, on Wall Street, added about 0.2 per cent each.</div>
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			Asian stocks, however, ended with cuts on Friday amid fears of U-delisting of Chinese shares in the US. Hang Seng fell 1.6 per cent, Nikkei dropped 2 per cent, and Kospi slipped 0.7 per cent.</div>
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Sensex adds 86 pts; GNFC, JK Paper surge 12% each, auto stocks slide

Business Standard

Sensex adds 86 pts; GNFC, JK Paper surge 12% each, auto stocks slide | News on Markets - Business Standard

Noida-based EbixCash files DRHP for Rs 6,000 cr IPO of fresh shares

EbixCash Limited, the Indian subsidiary of Nasdaq listed Ebix Inc, has filed its draft red herring prospectus (DRHP) with market regulator Sebi to raise Rs 6,000 crore via an initial public offering (IPO). <a href="https://www.business-standard.com/article/markets/noida-based-ebixcash-files-drhp-for-rs-6-000-cr-ipo-of-fresh-shares-122031001614_1.html" target="_blank"><strong>Read more here</strong></a><br />
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	<img align="" alt="ipo" class="imgCont" height="464" src="https://bsmedia.business-standard.com/_media/bs/img/article/2021-08/10/full/1628619560-9012.jpg" style="border: 1px solid #DDD; margin-right: 10px; padding: 1px; float: left; z-index: 0; width:100%" title="ipo" width="620" /></div>
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NEWS ALERT: Biden to call for ending normal trade relations with Russia

<blockquote class="twitter-tweet">
	<p dir="ltr" lang="en">
		BIDEN ON FRIDAY WILL CALL FOR AN END OF NORMAL TRADE RELATIONS WITH RUSSIA AND CLEAR WAY FOR INCREASED TARIFFS ON RUSSIAN IMPORTS- SOURCE FAMILIAR WITH SITUATION</p>
	&mdash; First Squawk (@FirstSquawk) <a href="https://twitter.com/FirstSquawk/status/1502118645337505795?ref_src=twsrc%5Etfw">March 11, 2022</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>

DIIs firmly buying: Domestic investors push inflows of Rs 945.7 crores on Thursday

FIIs selloff : Foreign institutional investors pull out Rs 1,981 cr of shares on Thursday

Rupee closes higher against US dollar on Thursday

Oil cools off as Russia pledges to fulfil supply contracts

SGX Nifty down 100 points; Nifty50 may open near 16,500

Markets in Asia trade sharply lower tracking weak global cues

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		source: finance.yahoo.com</div>
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European markets tank as central bank affirms faster stimulus withdrawal

US markets end lower Thursday as monthly inflation hits 40-year high

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