SBI’s Positive Momentum Extends As It Closes 1.31% Higher Than Opening Price

8th April, 2025 / 3:30 PM

SBI share prices have closed at ₹768.60, marking an increase of 1.31% from the opening price of ₹760 for the day. This came on the back of adequate momentum when the latter surpassed yesterday’s closing prices by 1.46% and the remarkable recovery on 7th April, when the closing price exceeded the opening numbers by 2.60% after crashing 5.07% at the start of the day. At midday as well, the positive trends were visible, with the stock trading at ₹769.10, which was about 1.19% higher than the opening price.

Share prices hit an initial peak of ₹771.55 early on and then came down to ₹760.28 before recovering sharply to reach the midday figures. SBI has been in the news for stopping its Amrit Kalash FD scheme and other developments like an upcoming deal with Japan-based MUFG for its Yes Bank stake.

8th April, 2025 / 12:30 PM

SBI continued its opening momentum into midday, touching ₹769.10 in comparison to the opening price of ₹760. This indicates a jump of 1.19% and a continuation of the early trends, with positive investor sentiments propelling the stock higher till now. The lowest point today in trading was ₹760.28 and this came after an initial peak at ₹771.55 in early trading.

The stock opened 1.44% higher than yesterday’s closing price and closed out 7th April at a figure that was 2.60% more than the opening price for the day. SBI has been in the news for various developments, including its expectations from the RBI’s MPC meeting, a stock upgrade by UBS, and updates on an upcoming deal with Japan’s MUFG for the acquisition of its Yes Bank stake. 

8th April, 2025 / 9:30 AM

State Bank of India share prices have opened their account today at ₹760, which is 1.44% higher than yesterday’s (7th April) closing price of ₹749. Why this is interesting is because of how the stock recovered yesterday from a massive slump of 5.07% at opening yesterday (₹730) in comparison to the closing prices of ₹769 on 4th April. After three straight days of opening below the closing price, the stock has finally been able to reverse the trend today. 

The stock did recover by midday yesterday, touching ₹732.25 and eventually closed at ₹749, which was about 2.60% more than the opening price. The results of the RBI’s upcoming MPC meeting, UBS upgrading the stock, and the deal with MUFG from Japan (for acquiring its stake in Yes Bank) could be major influences on the prices going forward. 

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