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SBI reclaims spot in top 10 league

Shares of some of the private sector banks have weakened after the recent demonetisation move

Pawan Burugula  |  Mumbai 

State Bank of India (SBI) has climbed four positions to seventh place in the league table of the companies with highest market capitalisation.  It was not part of the 10 most-valued companies list at the start of the year. Bad loans' concerns and deteriorating sentiment towards public sector bank (PSB) stocks had pushed SBI out of the list.  A sharp 16 per cent rally in its share price this year, despite weakness in the broader market, has since seen SBI leapfrog ahead of HDFC, Coal India, Hindustan Unilever and Sun Pharmaceutical, show data compiled from ...

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First Published: Sun, November 27 2016. 23:04 IST
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