SBI shares fall 4% ahead of Q1 results

SBI today slumped on heavy selling ahead of its first quarter earnings slated for tomorrow.

Written by Agencies | Mumbai | Published:August 9, 2012 7:41 pm

Shares of State Bank of India (SBI) today slumped by over 4 per cent on heavy selling ahead of its first quarter earnings slated for tomorrow.

Notwithstanding a positive opening,shares of the bank failed to sustain the momentum and ended 4.33 per cent lower at Rs 1,971.95 on the BSE. Intra-day,the stock lost 4.51 per cent to Rs 1,968.05.

At the NSE,SBI shares settled at Rs 1,972,down 4.31 per cent from their previous close.

Market analysts said the fall in the counter was largely due to profit booking ahead of the quarterly results and weak broader market sentiment today.

Currently,the company’s m-cap stands at Rs 1,32,326 crore.

SBI was the second worst performer after Bharti Airtel among 30 Sensex stocks. The Sensex today ended at 17,560.87,down 39.69 points over yesterday’s close.

Stocks More on

Company INFO More on State Bank of India

Video of the day

For all the latest News Archive News, download Indian Express App

    Live Cricket Scores & Results