The stock market, on Friday, showed greater resilience and bounced from early lows to end 252 points higher in extremely volatile trade amidst a global meltdown triggered by fresh credit market jitters.

Reacting negatively to weak global cues, the Bombay Stock Exchange (BSE) 30-share Sensex tumbled by about 469 points to a low of 19,255.77 in initial five minutes of trading. The market, however, staged a sharp recovery on the back of hectic shortcovering at lower levels driving Sensex closer to the 20K level.

Finally, the BSE barometer touched a high of 20,025.63 before ending the day at 19,976.23, a net rise of 251.88  points or 1.28 per cent over Thursday’s close of 19,724.35.

The broader S&P CNX Nifty of the National Stock Exchange (NSE) also gained 65.95 points or 1.12 per cent to close at 5,932.40 from previous close of 5,866.45. Foreign Institutional Investors (FIIs) and local players made heavy purchases in last 30 minutes of trading, brokers said.