Indian stocks
may see high intraday volatility today, 16 May 2014, as trends and actual
results of wins by candidates/parties are announced during the process of
counting of votes for the recently concluded Lok Sabha elections.
The S&P BSE
Sensex, trimmed gains after hitting record high above 25,000 level and the
50-unit CNX Nifty trimmed gains after hitting record high above 7,500. The
Sensex was up 1,250.31 points or 5.23%, off close to 220 points from the day's
high and up about 885 points from the day's low.
The market
breadth, indicating the overall health of the market, was strong. On BSE, 724
shares gained and 152 shares fell. A total of 30 shares were unchanged.
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