Discounting negative global factors, the stock markets on Monday bounced from their initial lows and ended in black, showing strong resilience on the back of a robust economic growth and low inflation.

Global markets, however, were under pressure after a surprise drop in the US payrolls sparking fears of recession in the world’s largest economy. Indian bourses shrugged off the impact of negative global trend as FIIs as well as local financial institutions made heavy purchases after the market touched the intra-day low of 15,363.53.

The Bombay Stock Exchange’s 30-share index, Sensex, ended flat at 15,596.83 on Monday from Friday’s close of 15,590.42, a minor gain of 6.41 points. The BSE barometer bounced by 263 points to Monday’s high of 15,626.28 but failed to maintain gains due to profit booking by traders at the fag end.

Similarly, the broad-based S&P CNX Nifty of the National Stock Exchange (NSE) rebounded from early lows of 4,452.95 and closed at 4,507.85 from previous close of 4,509.50, down by 1.65 points or 0.04 per cent. IT shares, suffered a setback on selling induced by the rupee’s surge to below 40 level against dollar.