MUMBAI: Discounting negative global factors, the stock markets bounced from their initial lows on Monday and ended in black, showing strong resilience on the back of a robust economic growth and low inflation.
Indian bourses shrugged off the impact of negative global trend as foreign institutional investors (FII) as well as local financial institutions made heavy purchases after the market touched the intra-day low of 15363.53.
The Bombay Stock Exchange’s 30-share index ended the day flat at 15596.83 from Friday’s close of 15590.42, a minor gain of 6.41 points. The BSE barometer bounced by 263 points to the day’s high of 15626.28 but failed to maintain gains due to profit booking by traders at the fag end. The S&P CNX Nifty rebounded from early lows of 4452.95 and closed at 4507.85 from the previous close of 4509.50. — PTI