Sensex, Nifty may gain 5-8% if external headwinds recede: Baldev Prakash
State Bank of India secured new business.
· Business Standard Mkts
Baldev Prakash of SBI Securities expects markets to gain 5-8% in the near term if headwinds ease, while large caps could deliver 12% CAGR over the next 3-5 years.
The analysis
State Bank of India reported movement of -8% and 12%. 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 -0.9% on the day at ₹963.55, and has returned -4.1% over three months. It sits 22% below its 52-week high. The banks sector has moved -4.9% over the same period, so State Bank of India is running 0.8 points ahead of 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.
Why it matters
- With BSE involved, this carries a regulatory dimension that can outlast the immediate market reaction.
Market context
- In focus: State Bank of India (SBI) (SBIN), in Banks.
- Over three months: State Bank of India (SBI) -4.1% against Banks -4.9% (0.8 points ahead).
| Company | Price | Day | 1M | 3M | From 52-wk high | Volume vs 20-day | Market cap |
|---|---|---|---|---|---|---|---|
| State Bank of India (SBI)SBIN · Banks | ₹963.55 | -0.9% | +0.8% | -4.1% | -21.5% | 0.2× | — |
Banks
1M -0.9% · 3M -4.9%
State Bank of India (SBI)
Prices as of 30 Oct 2026, 10:42 IST. Sector moves are the average of the stocks we track in each sector.
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