SBI Dips 1.29% to ₹769 Despite $295 Mn Social Loan Deal with Citi

4th April, 2025 / 3:30 PM

SBI share prices have touched ₹769 at closing today (4th April), which is 1.29% lower than the opening price of ₹779.10 for the day. The stock opened lower by 0.10% in comparison to the closing price yesterday- ₹779.90. It was the second straight day of opening lower than the closing price for SBI as well. However, it drew the attention of investors after its late surge yesterday, where it closed quite positively which was a departure from expectations.

However, the stock has witnessed a steady downward pattern today, with even the midday figure of ₹778.55 being 0.07% lower than the opening price. The stock touched ₹773.67 and went up to ₹781.53 before settling at the midday numbers. This shows muted sentiments regarding its prospects, although news has come in regarding a new Social Loan facility of $295 million in collaboration with Citi, although it has yet to permeate through the market. 

4th April, 2025 / 12:30 PM

State Bank of India (SBI) share prices have touched ₹778.55 at midday, which is a drop of 0.07% from the opening price of ₹779.10 today. The opening price itself was also lower than the closing price of ₹779.90 yesterday by around 1.28%. The stock did have a robust closing yesterday, although the figures for today show muted sentiments.

The lowest point today was ₹773.67 while the peak was at ₹781.53 for the day. There was an initial surge before a sharp plunge and a minor recovery, although there has been a downward curve mostly seen till now. It remains to be seen whether SBI share prices can recovery by closing, particularly with news coming in about a $295million Social Loan facility announced by the bank in collaboration with Citi. 

4th April, 2025 / 9:30 AM

Yesterday (3rd April) was a day of resurrection for SBI, with share prices closing at ₹779.90, which was higher than the opening price of ₹770 by around 1.28%. However, SBI shares opened today at ₹779.10, which is marginally lower (0.10%) than the opening price. Does this indicate a halt in recovery? We will have to wait until the close of the trading day to gauge the movements, especially since the stock opened 0.85% lower yesterday than the closing price of ₹776.60 on 2nd April. The same pattern was seen for 1st April and 28th March as well, with 2nd April being the only exception when it opened higher than the closing price. 

So it’s been two straight days of opening below the closing price for SBI, which will be keenly watched today, especially with news of the bank seeking fintech partners for helping customers print their own debit cards. 

Disclaimer: This news is solely for educational purposes. The securities/investments quoted here are not recommendatory.

To read the RA disclaimer, please click here