MUMBAI: Indices opened in the positive terrain on Thursday in line with other global markets. All the sectoral indices were in the green led power, realty and metal stocks. The trade is likely to turn volatile as the session progresses due to December F&O series expiry.

“Indian markets are all set to close the year with bumper gains. Nifty is up 75% for the year, the highest ever yearly gain in its history, while Sensex has surged 79.8%, second best after a gain of 82% in 1991. Even the month of December is sitting on about 2.5% gains thanks to last week rally. While Benchmark indices lost some weight in yesterday’s trade, broader market continued to outperform. While overall rollover at 67% a day before the expiry is better than that of last month, rollover in Nifty at 58% is relatively low. Going by addition in December 5200 call and unwinding at 5200 put in yesterday’s trade, expiry is likely to be below 5200,” said Anagram Stock Broking note.

National Stock Exchange’s Nifty was at 5204.55, up 35.10 points or 0.68 per cent and Bombay Stock Exchange’s Sensex was at 17460.88, up 117.06 points or 0.67 per cent.

BSE Midcap Index was up 0.79 per cent and BSE Smallcap Index gained 0.91 per cent.

“Recent low of around 4900 will act as a strong support in near term. On higher side once again levels of 5180-5200 will remain crucial hurdle and is likely to attract some profit booking. Any sustained close above 5200 may need a fresh preview and indices may move into higher orbit.

For today’s trade, key support for the day remains at 5140-5130 levels. Hurdle is seen around 5200-5210 range on higher side. Breach above or below above mentioned range may provide fresh trading opportunity,” the Reliance Money report said.

Amongst the sectoral indices, BSE Power Index was up 1.02 per cent, BSE Realty Index gained 0.84 per cent and BSE Metal Index moved 0.77 per cent higher.

NTPC (2.58%), Jaiprakash Associates (1.13%), Tata Steel (1.11%), Unitech (1.09%) and Power Grid (1.06%) were amongst the top Nifty gainers.

Maruti (-0.15%), BPCL (-0.11%) and Ambuja Cement (-0.10%) were the only index losers.

The government plans to allow NTPC to sell around 10% capacity at market-determined prices, a move expected to boost the power utility’s profit by up to 40% and spiff up its valuation as it braces for disinvestment.

Market breadth was positive on the BSE with 1297 gainers and 224 declines.

US stocks ended a little higher ahead of the extended weekend. Dow Jones closed up 3.10 points, Nasdaq 100 was up 2.88 points and S&P 500 ended 0.22 points higher.

Asian markets were also in the positive terrain. Hang Seng was up 1.65 per cent, Shanghai Composite moved 0.35 per cent higher and Taiwan Weighted was up 0.74 per cent.