SBI Share Price Declines
Shares of State Bank of India (SBI) fell 5.60% to Rs 1,079.40 on the National Stock Exchange (NSE) during the trading session on March 9, 2026. This decline resulted in a significant loss of nearly Rs 62,352 crore in market capitalisation, bringing SBI’s valuation below the Rs 10 lakh crore mark to approximately Rs 9.93 lakh crore.
The stock opened at Rs 1,111.10, a decrease from its previous close of Rs 1,143.55. Throughout the session, SBI’s shares touched an intraday high of Rs 1,113.60 and a low of Rs 1,064.25, indicating a volatile trading day.
SBI’s performance is particularly notable when considering its 52-week high of Rs 1,234.80 and a low of Rs 719.20, highlighting the fluctuations in its stock price over the past year.
The decline in SBI shares coincided with a broader sell-off in Indian equities, triggered by rising geopolitical tensions involving Iran, Israel, and the United States, which have led to increased crude oil prices. This wider market weakness was reflected in the BSE PSU Bank index, which fell by 5.65%.
As of now, SBI holds a price-to-earnings (P/E) ratio of 12.97 and a price-to-book (P/B) ratio of 2.14, indicating its current valuation metrics in the market.
Market observers are closely monitoring the situation, as the implications of these geopolitical tensions on the financial markets continue to unfold. The overall sentiment in the market remains cautious, with investors weighing the potential impacts on various sectors.
Details remain unconfirmed regarding any specific measures that SBI may take in response to this decline or the broader market conditions.
