State Bank of India share price rises 2.42% to ₹991.40 on September 16

Key Takeaways

• State Bank of India gained ₹23.40 or 2.42% to ₹991.40, finishing at the upper edge of its rounded intraday range. 
• The closing price remained below the 50-day, 100-day and 200-day moving averages despite the strong daily rise. 
• One-year return stood at 20.21%, while one-month, three-month and six-month readings remained negative. 

State Bank of India share price closed September 16 at ₹991.40, up ₹23.40 or 2.42% from the previous close of ₹968. The stock opened at ₹976, fell to ₹973 and later reached a rounded high of ₹991. The primary closing quote carried slightly greater precision and finished ₹0.40 above that rounded high. 

From the opening level to the close, SBI gained ₹15.40. The displayed high-low range was ₹18, while the closing price stood ₹18.40 above the low. Volume reached 9,176,907 shares. Market capitalisation was ₹9,15,123 crore. 

The stock remained below its moving averages even after the day's rise. Its 200-day DMA was the nearest at ₹1,011.40, leaving a ₹20 gap. The 50-day DMA stood at ₹1,031.50, a difference of ₹40.10. SBI's 100-day DMA was ₹1,032, or ₹40.60 above the September 16 close. 

Across 52 weeks, State Bank of India had traded between ₹822 and ₹1,235. The latest closing price was ₹169.40 above the annual low and ₹243.60 below the high. The full 52-week range measured ₹413. September 16's rounded high remained ₹244 below the annual peak. 

Returns were negative over the shorter displayed periods but positive over one year. One month stood at -7.15%, three months at -2.88% and six months at -5.31%. The one-year return was 20.21%, creating a 25.52-percentage-point difference from the six-month figure. 

September 16 was one of SBI's stronger daily moves in this set, with a 2.42% gain and a close at the upper end of the session. Even so, all three moving averages remained above the price. The annual high also stayed more than ₹240 away, while the one-year return continued to differ sharply from the negative shorter-period figures.