State Bank of India (SBI) shares fell by 0.67% to ₹761.00 during a trading session that saw a general decline in the stock market, with the BSE SENSEX Index decreasing by 0.41% to 77,186.74. SBI’s shares are now 16.57% below their 52-week high of ₹912.10, reached on June 3rd.
In comparison, IndusInd Bank Ltd. experienced a slight increase of 0.33% to ₹1,012.70, while Kotak Mahindra Bank Ltd. saw a decrease of 0.94% to ₹1,885.20. The trading volume for SBI was 427,891, below its 50-day average of 534,155.
Market analysts attribute SBI’s performance to broader market trends and sector-specific challenges, including concerns over non-performing assets and interest rate fluctuations.
