State Bank of India Continues Midday Slump, Closes 0.67% Below Opening Price

11th April, 2025 / 3:30 PM

State Bank of India (SBI) share prices have touched ₹753.85 at market closing today (11th April), which is 0.67% lower than the opening price of ₹759 for the day. Very interestingly, the latter was 2.26% higher than the closing price of ₹742.20 on 9th April. Yet, at midday, after the positive start, prices touched ₹754.70, which was about 0.56% less than the opening price. It happened after a fall to ₹746.54 and a slight rise to ₹753.47 earlier.

The closing price indicates that the midday trends have continued amid reports of the bank revising its ATM transaction rules, working with MUFG from Japan to sell its stake in Yes Bank, and also reports of its increasing UPI failures on payment platforms. 

11th April, 2025 / 12:30 PM

State Bank of India (SBI) share prices got off to a good start on 11th April, touching ₹759 in an increase of 2.26% from the closing price of ₹742.20 on the 9th of April. This was a positive development after the closing prices were 3.23% lower than the opening price on 9th April. However, the share prices were hovering at ₹754.70, which is approximately 0.56% lower than the opening price today. The lowest point today was ₹746.54, while the highest point was ₹753.47, which was a moderate rise after the initial drop.

With reports of the RBI’s repo rate cut coming in and the upcoming deal to stake its Yes Bank stake, SBI stock prices may be impacted considerably in the near future. 

11th April, 2025 / 9:30 AM

State Bank of India (SBI) share prices have started the day (11th April) at ₹759, which is 2.26% more than the closing price of ₹742.20 on 9th April. This comes as a welcome relief for investors, after the closing prices for 9th April dipped 3.23% below the opening price of ₹767 for the day. However, the opening figures today indicate that the stock has recovered some of its lost ground, particularly in light of the recent repo rate cut decision taken by the RBI (Reserve Bank of India). 

Interestingly, the opening price on 9th April was 0.20% lower than the 8th April closing price, while the closing price on the latter date was also 1.31% more than the opening price on the 8th. It remains to be seen how the stock performs by midday, with not just the repo rate cut, but also other developments like revised ATM transaction rules and a deal to sell its Yes Bank stake in the offing. 

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

To read the RA disclaimer, please click here