Impact Of UBS Upgrade & Yes Bank Stake Sale Boosts SBI Share Prices At Closing

7th April, 2025 / 3:30 PM

SBI share prices closed at ₹749, which is 2.60% higher than the opening price of ₹730. What makes this interesting is that the opening prices were 5.07% lower in comparison to the closing price on 4th April, i.e., ₹769. Also, the closing price was lower than the opening price of ₹779.10 for the date. This is also the third straight day when the opening price has gone below the closing price, which marks muted sentiments around SBI.

However, it was trading at ₹732.25 at midday, which was just 0.30% more than the opening price, and that too after a huge increase to ₹750.80 and a fall to ₹737.72 before touching this

7th April, 2025 / 12:30 PM

State Bank of India share prices have been on a rollercoaster ride since the 4th of April, when they closed at ₹769. Incidentally, this was lower than the opening price of ₹779.10 on the day. However, today’s (7th April) opening figures of ₹730 were a whopping 5.07% lower than the closing price for 4th April. Yet, by midday, the stock has not covered as much ground, recovering only by 0.30% to touch ₹732.25.

Does this hint at further recovery by the closing? It remains to be seen how things play out, with the prices increasing sharply to ₹750.80 and then falling sharply to ₹737.72 afterward. Thereafter, they have been witnessing sharp peaks and troughs, hitting a high of ₹751.54 and then sliding downwards again to the midday figure. So, the trend is downwards and there could be fears of further erosion by the closing. 

7th April, 2025 / 9:30 AM

State Bank of India share prices opened at ₹730, which indicates a drop of 5.07% in comparison to the closing price of ₹769 on 4th April. Interestingly, this figure was lower than the opening price of ₹779.10 by about 1.29%. The stock also opened lower by 0.10% on the date in comparison to the closing price of ₹779.90 yesterday. This is the third straight day when the opening price was lower than the closing price. 

The sharp drop today was not as per expectations, since the stock had performed decently at closing over the last few days. Yet, sentiments appear to be muted regarding its prospects and it remains to be seen whether its new Social Loan facility in collaboration with Citi can propel it forward again. 

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