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Sensex bounces back

MUMBAI: Showing greater resilience, the stock market on Friday bounced from early lows to end 252 points higher in extremely volatile trade amid a global meltdown.

Reacting negatively to weak global cues, the Bombay Stock Exchange 30-share Sensex tumbled by about 469 points to a low of 19255.77 in the initial five minutes of trading.

It, however, staged a sharp recovery on the back of hectic short covering driving Sensex closer to the 20000 level. Finally, the Sensex touched a high of 20025.63 before ending at 19976.23, a net rise of 251.88 points over Thursday’s close of 19724.35. — PTI

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