
On March 1, 2024, shares of State Bank of India (SBI) rallied during today’s trading session, buoyed by strong bullish sentiment across the board.
SBI opened trading at Rs 752, up from its previous close of Rs 748.10. Riding the wave of positive market momentum, the stock went on to reach an intraday peak of Rs 772, its highest level in over a year.
Despite minor profit booking that led to a brief decline to Rs 751.95 at the day’s low, SBI managed to maintain most of its gains. The stock finally closed trading at Rs 769.15, exhibiting remarkable resilience throughout the session.
The volume-weighted average price (VWAP) of SBI was recorded at Rs 763.20, underscoring the healthy trading activity witnessed in the stock.
Market experts noted that SBI attracted significant buying interest, leading to its surge to record highs.