State Bank of India falls Wednesday, underperforms market

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Shares of State Bank of India
dropped 4.80% to 527.10 Indian rupees Wednesday, on what proved to be an all-around great trading session for the stock market, with the S&P BSE Sensex Index
rising 0.27% to 59,708.08.

State Bank of India closed 102.55 rupees short of its 52-week high (629.65 rupees), which the company reached on December 15.

The stock underperformed when compared to some of its competitors Wednesday, as IndusInd Bank Ltd.
fell 3.80% to 1,041.85 rupees and Kotak Mahindra Bank Ltd.
rose 0.91% to 1,745.95 rupees.

Trading volume (2.4 M) eclipsed its 50-day average volume of 481,610.

Editor’s Note: This story was auto-generated by Automated Insights, an automation technology provider, using data from Dow Jones and FactSet. See our market data terms of use.

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