SBI Gains 1.08% to Close at ₹771.75 as Global Ranking Boosts Investor Sentiment

16th April, 2025 / 3:30 PM

State Bank of India (SBI) share prices opened at ₹763.50, which was absolutely unchanged from the closing price on 15th April. Yet, the midday numbers were ₹767.65, which were about 0.54% more than the opening price, coming after a peak at ₹770.79 and then a drop to ₹762.63 within this period. The share prices opened at ₹770 on the 15th of April and they were more than the closing price of ₹753.85 on 11th April by a high margin as well.

Prices have now closed for the day at ₹771.75, which is 1.08% higher than the opening price. This marks a clear continuation of the midday growth trends. The share prices remain in firm focus with SBI finding a place in the list of 100 largest banks in the world by assets (S&P Global Market Intelligence report), being the only Indian bank other than HDFC to get this honor

16th April, 2025 / 12:30 PM

State Bank of India (SBI) opened the day (16th April) at ₹763.50, which was the same as the closing price yesterday (15th April). However, the share prices are now at ₹767.65, which is a decent 0.54% more than the opening price. The peak today was at ₹770.79 sometime earlier, and then there was a sharp plunge to ₹762.63 before the prices started rising upwards again.

It remains to be seen how prices play out by the end of the day, especially with news of the bank cutting its loan interest rates on the back of the RBI’s recent repo rate cuts.

16th April, 2025 / 9:30 AM

State Bank of India (SBI) has been in the news after it recently slashed its loan interest rates by 0.25% on the back of the recent repo rate cut by the Reserve Bank of India (RBI). While this may positively impact the stock going forward, it has opened at ₹763.50, which is the same as the closing price on 15th April. 

The opening price on the 15th was higher at ₹770 and this surpassed the closing price on 11th April (₹753.85) by a fair margin. Yet, in spite of the positive momentum, the stock closed lower than the opening price yesterday. The unchanged opening today may signal an arresting of the downward slide or may lead to a further slump later on. It remains to be seen how things play out by midday. 

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