State Bank of India Stock Update: Shares Slip 0.81% Intraday
State Bank of India (SBIN) share price is trading at ₹986.00, down 0.81% in a subdued intraday session, against a slightly positive Nifty Bank.
State Bank of India (SBIN) is witnessing a downward correction in intraday trade today, with the stock currently trading at ₹986.00. This marks a decline of -0.81% from its previous close of ₹994.10. The banking giant opened the session slightly lower at ₹982.30 and has since traded within a narrow range, hitting an intraday high of ₹992.00 and a low of ₹982.30. Volume appears subdued at 1,345,506 shares changing hands so far, suggesting a lack of strong directional conviction among traders at these levels. The stock is currently holding above its intraday low but remains firmly in negative territory as the session progresses.
| SBIN – Stock Updates as of (10:16AM, 24 Sep 2026) | |||
LTP ₹986.00 | Open ₹982.30 | High ₹992.00 | Low ₹982.30 |
52W High ₹0.00 | 52W Low ₹0.00 | Volume 1,345,506 | % Chg -0.81% |
52-Week Context
In the broader context of its annual performance, State Bank of India's current price of ₹986.00 is positioned considerably below its 52-week high of ₹1,234.70. Conversely, it remains comfortably above its 52-week low of ₹851.20. Today's intraday dip keeps the stock trading in the middle of its yearly range, yet the current move tests recent support levels rather than annual extremes. The stock's performance over the past year has seen an increase of 14.19%, despite a 5.21% fall over the last month.
Latest Developments
The absence of a fresh, specific negative catalyst directly impacting State Bank of India in the past 24 hours suggests that today's intraday weakness might be attributed to broader market sentiment or profit-booking after recent movements. While the Nifty Bank index itself shows a marginal gain of 0.24% today, trading at ₹56606.55, SBIN's stock is moving against this positive sectoral trend. This indicates that the decline could be more company-specific or reflect underlying caution for the banking behemoth.
However, a significant development casting a shadow over the broader Indian banking sector is the planned three-day bank strike slated to begin on September 28. While the Finance Ministry has urged bank employees to refrain from striking, the impending industrial action remains a key concern for the sector, potentially weighing on investor sentiment for large public sector lenders like SBI. News of Indian banks continuing to attract significant foreign currency deposits, particularly FCNR(B) deposits, is a positive fundamental for the sector, but it has not translated into upward momentum for SBIN today. No major analyst calls or corporate announcements specific to SBIN in the last 24 hours appear to be driving this particular downward move.
Outlook
Investors will be closely watching for any further corporate developments from State Bank of India and monitoring the broader market sentiment. The focus for the remainder of the session will be on whether SBIN can reclaim its opening levels or if the selling pressure intensifies, potentially testing lower intraday supports.
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 24, 2026 10:16 AM IST. For more news and updates on politics, world, sports, entertainment and lifestyle, log on to our website latestly.com).
