State Bank of India Stock Update: Share Price Slips Amid Broader Market Weakness
State Bank of India (SBIN) share price is trading at ₹957.60, down 0.46%, reflecting broader market and banking sector caution following Monday's sell-off.
State Bank of India (SBIN) is currently trading slightly in the red this Tuesday morning, with its share price at ₹957.60. The stock opened the session at ₹960.90, dipping below its previous close of ₹962.00. Intraday trading has seen SBIN touch a high of ₹965.00 and a low of ₹956.30, reflecting a contained range. As of now, the stock is down 0.46% from its last close, with trading volumes appearing subdued at 1,755,863 shares, compared to average volumes for the scrip. ICICI Bank Stock Update: Shares Slip Amid GST Notice & Market Headwinds.
| SBIN – Stock Updates as of (9:30AM, 29 Sep 2026) | |||
|
LTP
₹957.60 |
Open
₹960.90 |
High
₹965.00 |
Low
₹956.30 |
|
52W High
₹0.00 |
52W Low
₹0.00 |
Volume
1,755,863 |
% Chg
-0.46% |
52-Week Context
In the broader context of its annual performance, State Bank of India's current trading price of ₹957.60 places it significantly below its 52-week high of ₹1234.70. This high was recorded on February 23, 2026. Conversely, the stock remains comfortably above its 52-week low of ₹853.00, which was registered on September 28, 2026. Today's marginal decline does not appear to be testing any critical annual support or resistance levels for the counter, suggesting the move is more indicative of intraday dynamics rather than a challenge to its long-term range. On September 28, 2026, SBIN had fallen by 1.38% at close.
Latest Developments
The current mild negative movement in SBIN's share price appears to be largely influenced by the broader market sentiment rather than any specific, immediate corporate announcement from the bank. Indian benchmark indices, including the Nifty and Sensex, experienced significant selling pressure on Monday, September 28, 2026. This downturn was attributed to a confluence of factors, including surging crude oil prices, elevated US bond yields, persistent outflows from foreign institutional investors, and concerns about global monetary tightening.
Notably, the PSU banking sector, to which SBIN belongs, bore the brunt of this sell-off on Monday, with the Nifty PSU Bank index declining substantially. Technical analysis on Monday indicated a "firmly bearish trend" for the Bank Nifty, having breached crucial support levels, which continues to weigh on banking stocks like SBIN today.
In a recent administrative update, State Bank of India announced on September 27, 2026, the closure of its trading window for designated persons from October 1, 2026. This is a standard procedure ahead of the bank's financial results for the quarter and half-year ending September 30, 2026, and is not a direct driver of today's price action. While the bank reported record quarterly profitability in Q1 FY27 (August 2026), the current session's subdued performance reflects the cautious mood permeating the wider financial market.
Outlook
For the remainder of the session, investors will be closely watching for any signs of recovery in the broader Nifty and Bank Nifty indices. Given that Tuesday, September 29, 2026, is the monthly expiry for Nifty and Bank Nifty derivatives, increased volatility and wider intraday swings could be observed as positions are adjusted. The ability of the Nifty to hold key support levels will be crucial for any potential rebound in banking stocks.
Disclaimer: The information provided in this article is based on news reports and is not intended as investment advice. Investing in stocks involves risk. LatestLY advises its readers to consult with a financial advisor before making any investment decisions.
(The above story first appeared on LatestLY on Sep 29, 2026 09:30 AM IST. For more news and updates on politics, world, sports, entertainment and lifestyle, log on to our website latestly.com).
