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State Bank of India hits fresh 52-week high as shares rally
Shares of State Bank of India (SBI) climbed nearly 2% on Monday to reach a fresh 52-week high near ₹906.85, outperforming peers in the banking sector. The broader index, BSE SENSEX, rose about 0.49% amid optimistic sentiment on Q2 earnings and retail participation ahead of the festive week. SBI’s trading volume exceeded its 50-day average by a significant margin, indicating strong investor interest. Analysts say the bank’s improving credit growth outlook and solid deposit trends are boosting its appeal among financial-stock buyers.
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- stocks
- india
positive
State Bank of India hits fresh 52-week high as shares rally
Shares of State Bank of India (SBI) climbed nearly 2% on Monday to reach a fresh 52-week high near ₹906.85, outperforming peers in the banking sector. The broader index, BSE SENSEX, rose about 0.49% amid optimistic sentiment on Q2 earnings and retail participation ahead of the festive week. SBI’s trading volume exceeded its 50-day average by a significant margin, indicating strong investor interest. Analysts say the bank’s improving credit growth outlook and solid deposit trends are boosting its appeal among financial-stock buyers.
Tags:
- stocks
- india
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SBI shares propel to a year-high as banking sector leads market rally, driven by improving fundamentals and strong investor flows.
Shares of State Bank of India (SBI) climbed nearly 2% on Monday to reach a fresh 52-week high near ₹906.85, outperforming peers in the banking sector. The broader index, BSE SENSEX, rose about 0.49% amid optimistic sentiment on Q2 earnings and retail participation ahead of the festive week. SBI’s trading volume exceeded its 50-day average by a significant margin, indicating strong investor interest. Analysts say the bank’s improving credit growth outlook and solid deposit trends are boosting its appeal among financial-stock buyers.
Shares of State Bank of India (SBI) climbed nearly 2% on Monday to reach a fresh 52-week high near ₹906.85, outperforming peers in the banking sector. The broader index, BSE SENSEX, rose about 0.49% amid optimistic sentiment on Q2 earnings and retail participation ahead of the festive week. SBI’s trading volume exceeded its 50-day average by a significant margin, indicating strong investor interest. Analysts say the bank’s improving credit growth outlook and solid deposit trends are boosting its appeal among financial-stock buyers.
Tags:
- stocks
- india
- stocks
- india
- banking
- large cap