Sensex off day’s high, Nifty turns volatile ahead of F&O expiry

The 30-share BSE Sensex was up 224.40 points at 31,058.72 and the 50-share NSE Nifty rose 70.65 points to 9,561.90.

Infosys, ITC, Axis Bank, M&M and Bharti Airtel were top gainers, up 1-3 percent while Kotak Mahindra Bank and Sun Pharma fell 1 percent each.

Shares of public sector banks rallied in Thursday's early trade with shares of Canara BankBSE 2.11 %, Bank of India, Oriental Bank of CommerceBSE -0.14 %, Union Bank of IndiaBSE 0.38 % and Allahabad BankBSE 0.82 % emerging as top gainers in the Nifty PSU index.

PSU bank shares have seen acute selling pressure in recent times on reports of non-performing assets (NPA) as well as RBI's diktat that banks should go for high provisioning for loans submitted under the insolvency process. 

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