PSU Banks in focus; SBI, BOI, PNB, Indian Bank, Canara, UBI gain up to 3%
State Bank of India is in focus.
· Business Standard Mkts
The Nifty PSU Bank index was the top gainer among sectoral indices up 2% in Monday's intraday deals, while the Nifty slipped 0.3%.
The analysis
State Bank of India reported movement of 3%, 2% and 0.3%. Those are the figures as filed — what moves the price is how they sit against what the market already expected, not their absolute size.
Against that, the stock is +2.7% on the day at ₹1,045.65, and has returned -7.4% over three months. It sits 15% below its 52-week high. The banks sector has moved -2.2% over the same period, so State Bank of India is running 5.2 points behind its peers.
For State Bank of India, the question is how much of this is already reflected in the price and how much re-rates the banks peer set alongside it.
Market context
- In focus: State Bank of India (SBI) (SBIN), in Banks.
- On the day, 2 of 2 are higher: State Bank of India (SBI) leads at +2.7% and Indian Bank trails at +1.4%.
- Over three months: State Bank of India (SBI) -7.4% against Banks -2.2% (5.2 points behind); Indian Bank +0.6% against Banks -2.2% (2.8 points ahead).
| Company | Price | Day | 1M | 3M | From 52-wk high | Volume vs 20-day | Market cap |
|---|---|---|---|---|---|---|---|
| State Bank of India (SBI)SBIN · Banks | ₹1,045.65 | +2.7% | +8.1% | -7.4% | -14.8% | 1.2× | — |
| Indian BankINDIANB · Banks | ₹914.75 | +1.4% | +10.8% | +0.6% | -7.7% | 0.6× | — |
Banks
1M +3.7% · 3M -2.2%
State Bank of India (SBI), Indian Bank
Prices as of 9 Nov 2026, 11:40 IST. Sector moves are the average of the stocks we track in each sector.
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