New Delhi - Indian markets turned bullish in morning trading Friday with the benchmark Sensex index rising 3.5 per cent after gains in global markets.
The 30-share sensitive Sensex index of the Bombay Stock Exchange rebounded from Thursday's 3-per-cent fall, rising 378.97 points, or 3.46 per cent, to 11,326 at midday.
Banking, real estate, capital goods, metal and power stocks led the advances.
The broader 50-share S&P CNX Nifty of the National Stock Exchange also gained 3.46 per cent and traded at 3,486.15.
After opening the day positively at 11,358.06 points, Sensex soon fell in to the negative terrain following heavy selling action witnessed across front line stocks.
Consumer durables and FMCG stocks remained up, whilst metal, capital goods, oil & gas and power stocks fell into the pessimistic zone.
BSE Midcap and Smallcap index declined 1.64% and 1.45% respectively.
Amongst the sectoral indices, BSE Metal lost 4.31%, Capital goods fell 3.33%, Oil & Gas and Power was sown by more than 2%.
Taipei - Taiwan stocks rose 2.07 per cent on Thursday, fuelled by Wall Street's overnight rally and bullish sentiment over a government plan to sign a financial memorandum of understanding with China, dealers said.
The main TAIEX index opened sharply higher, surging past the 6,000-point level in mid-session, and easing somewhat on profit taking before closing at 5,997.17, up
121.98 points or 2.07 per cent from Wednesday's trading.