State Bank of India share price ends at ₹978.50, down 1.57% on September 24

Key Takeaways:

• State Bank of India closed at ₹978.50, down ₹15.60 or 1.57%, only ₹2.50 above the session low of ₹976. 
• The price remained below the 50-day, 100-day and 200-day DMAs, with the 200-day average nearest at ₹1,010.20. 
• The one-year return remained positive at 12.39%, despite negative readings over one month, three months and six months. 

State Bank of India share price closed September 24 at ₹978.50, down ₹15.60 or 1.57%. The previous close was ₹994. The stock opened at ₹982, reached a high of ₹992 and fell to ₹976. The ₹16 session range left the closing price only ₹2.50 above the low and ₹13.50 below the high. 

Volume was 14,669,825 shares, while market capitalisation stood at ₹903,216 crore. The stock finished ₹3.50 below its opening price, and its closing position was concentrated near the lower end of the range despite the high having come within ₹2 of the previous close. 

All three moving averages remained above the September 24 finish. The 50-day DMA was ₹1,023.10, a difference of ₹44.60. The 100-day DMA stood at ₹1,027.50, or ₹49 above the close. The 200-day DMA was ₹1,010.20, making it the nearest at a ₹31.70 gap. 

The 52-week range ran from ₹853 to ₹1,235. At ₹978.50, SBI stood ₹125.50 above the annual low and ₹256.50 below the high. The full annual span covered ₹382. 

Return figures were negative over one, three and six months but positive over one year. One month stood at -6.69%, three months at -4.46% and six months at -5.17%. The one-year return was 12.39%. The gap between the one-month and one-year readings was 19.08 percentage points. 

The 200-day DMA was the nearest of the three moving-average references, although it still remained ₹31.70 above the close. The daily low was substantially closer, only ₹2.50 below the finish. At the longer horizon, the annual low was ₹125.50 below. Volume of almost 14.67 million shares was another prominent figure in the September 24 session.