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.

Other Asian markets were in the black after US stock indices rose Thursday, led by advances in technology and financial issues that overshadowed a major bankruptcy in the US housing market. (dpa)