SBI Growth Fears Impact Share Prices, Stock Closes 3.23% Below Opening

9th April, 2025 / 3:30 PM

State Bank of India share prices have closed for the day at ₹742.20, which is around 3.23% lower than the opening price of ₹767 today (9th April). Incidentally, the latter was 0.20% lower than the closing price yesterday, and the closing price for 8th April was 1.31% more than the 8th April opening price. After mixed trends were seen for the stock, it was trading at ₹755.60 at midday, around 1.48% lower than the opening price, after peaking early at ₹766.75 and then sharply plunging to ₹750.60.

There are growth-related fears around the stock and this may have impacted the prices by midday. However, it is now clear that these have impacted the closing prices for the day. SBI will continue to be in focus for news of the upcoming board meeting of its life insurance division, revised ATM transaction rules, and other developments.

9th April, 2025 / 12:30 PM

State Bank of India (SBI) share prices touched ₹755.60, which is 1.48% lower than the opening price of ₹767 on 9th April. This comes on the back of growing market fears regarding its future growth prospects, although the revised ATM transaction rules and MUFG deal may still affect stock prices going forward. Opening prices today were 0.20% lower than yesterday’s closing prices, and the latter were also 1.31% higher than the opening price on 8th April.

The stock peaked early at ₹766.75 after the initial drop and then fell sharply to ₹750.60 before recovering a little to reach the midday figures. It remains to be seen how the stock plays out by the end of the day. 

9th April, 2025 / 9:30 AM

SBI share prices scripted a positive story by closing 1.31% higher than the opening price (₹760) yesterday at ₹768.60. The stock initially opened sizably lower than 7th April’s closing price before gathering steam by midday and eventually closing higher by the end of the day. However, it has opened today (9th April) at ₹767, marking a reduction of 0.20%. This halts the positive momentum seen yesterday which was sharp departure from the performance of several other PSU stocks. 

SBI share prices could be further impacted by several developments, including the bank’s revision of its ATM transaction rules, the stoppage of the Amrit Kalash FD scheme, and the upcoming deal with MUFG from Japan to sell its Yes Bank stake.

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