SBI Shows Signs of Trend Reversal Amid Broader Market Gains and Long-Term Decline
State Bank of India (SBI) saw a significant rise on January 14, 2025, reversing a four-day decline and outperforming the Sensex. Despite this daily gain, SBI's stock remains below key moving averages and has experienced a notable decline over the past month, contrasting with positive trends in the public banking sector.
State Bank of India (SBI) experienced a notable increase of 3.02% on January 14, 2025, marking a trend reversal after four consecutive days of decline. The stock reached an intraday high of Rs 752.3, reflecting a gain of 3.11% during the trading session. In comparison to the broader market, SBI's one-day performance of 3.23% outpaced the Sensex, which recorded a modest increase of 0.58%.Despite this uptick, SBI's stock is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a longer-term downward trend. Over the past month, SBI has seen a decline of 12.59%, while the Sensex has decreased by 6.53%.
In the public banking sector, the overall performance has been positive, with a gain of 3.24% on the same day.
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