State Bank Of India Falls Wednesday, Underperforms Market

Dow Jones01-08 18:30

This article was automatically generated by MarketWatch using technology from Automated Insights.

Shares of State Bank of India slid 1.00% to 771.20 Indian rupees Wednesday, on what proved to be an all-around poor trading session for the stock market, with the BSE SENSEX Index falling 0.06% to 78,148.49.

State Bank of India closed 140.90 rupees below its 52-week high (912.10 rupees), which the company reached on June 3.

The stock underperformed when compared to some of its competitors Wednesday, as IndusInd Bank Ltd. fell 0.26% to 981.05 rupees and Kotak Mahindra Bank Ltd. fell 0.27% to 1,768.70 rupees.

Trading volume (1.2 M) eclipsed its 50-day average volume of 594,576.

Data source: Dow Jones Market Data, FactSet

(END) Dow Jones Newswires

January 08, 2025 05:30 ET (10:30 GMT)

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