New Delhi  - Indian equity indices rose by over 3 per cent in early trading Monday, trailing a rally in Asian markets after China announced a stimulus package of 586 billion dollars to spur its economy in the wake of the global slowdown.

The Bombay Stock Exchange's 30-share sensitive index Sensex was trading at 10,298.45 around noon, about 3.35 above its previous close.

The broader 50-share S&P CNX Nifty of the National Stock Exchange was hovering around 3,076.75 about 3.49 above Friday's close.

Metal stocks led the rally in Indian markets closely followed by oil and gas, capital goods, power and realty. (dpa)