By IANS,
Mumbai : News of a $10-billion bailout of Dubai World by the Abu Dhabi government had a positive impact on Indian equities markets Monday, sending a benchmark index up 137 points during afternoon trade.
The sensitive index (Sensex) of the Bombay Stock Exchange (BSE), which opened at 17,118.14 points, was ruling at 17,257.54 points around 1.30 p.m., up 138.51 points or 0.81 percent from its previous close at 17,119.03 points.
Around the same time, at the National Stock Exchange (NSE), the broader 50-share S&P CNX Nifty was at 5,148.7 points, against the previous close at 5,117.3 points, a gain of 3,148 points or 0.61 percent.
Broader market indices, however, went slack with the BSE midcap index up 0.04 percent and the BSE small cap index up 0.28 percent.
The market breadth was tilted towards the negative, with 1,303 stocks advancing, 1,426 scripts declining and 84 remaining unchanged.
Other Asian markets also saw some gains.
The Hang Seng, a benchmark index of the Hong Kong Stock Exchange, too was ruling higher at 22,127.86 points, 1.03 percent or 225.75 points up.
The Kospi, the benchmark index of the Korean Stock Exchange, was similarly ruling higher at 1,664.77 points, up 0.47 percent.
In China, the Shanghai composite index was ruling 1.71 percent in the green at 3,302.9 points.
A key Japanese index, the Nikkei, closed 0.02 percent or 2.19 points down at 10,105.68 points.