Domestic Stocks provisionally ended with small losses in a quiet session of trade as losses in banking stocks were mostly offset by gains in IT stocks. A bout of volatility was witnessed in early trade as the Domestic bourses dipped in a negative zone after a positive start. However, stock cut losses in mid afternoon trade. Volatility rose in late trade as indices again sink in red.
Global Markets Update
On Friday European shares at the end of the strong week as rally in commodity prices fall through, sparking profit-taking among mining stocks. Ericsson (ST:ERICb) gained 14% and was set biggest one-day gainer since October 2008 after the Swedish mobile equipment maker reported first-quarter earnings and gross margin above market expectations.
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