SBI Stock

SBI Funds Management IPO GMP today is ₹90, signalling a listing gain of 15.68 per cent. The highest GMP in the unofficial market stood at ₹140 at one point.

Q1-FY27 numbers, according to Anirudh Garg, fund manager & partner, INVasset PMS, are likely to show soft margins across the board, but private banks will be the first to show the NIM trough is over

PSU Bank index logged its sharpest intra-day gain in three months on Friday. Analysts expect PSU Banks to outdo private peers on earnings front on improvement in asset quality and high credit growth.

Hitesh Tailor, technical research analyst at Choice Broking expects up to 15 per cent additional gains in SBI, Bank of Baroda and Union Bank of India from here.

The medium-term outlook for the banking sector remains constructive, supported by healthy credit growth, stable asset quality and improving liquidity conditions, says Motilal Oswal.

In the past one week, the Nifty Bank outperformed the market by gaining nearly 3%, as against 0.05% decline in the Nifty 50.

At 11:26 AM on the Tuesday, the Nifty Bank and Nifty Private Bank index (up 1 per cent each) and Nifty PSU Bank index up 2 per cent outperformed the Nifty 50, which was down 0.03 per cent.

Bajaj Finance, Shriram Finance, Cholamandalam Investment, REC and Power Finance Corporation were up between 2.5 per cent 4 per cent in intra-day deals on Friday.

The Cabinet approved the Emergency Credit Line Guarantee Scheme (ECLGS) 5.0 to provide additional credit support to businesses facing liquidity stress due to the West Asia situation.

The RBI has issued final guidelines for transitioning to an Expected Credit Loss (ECL) framework, effective April 1, 2027, largely in line with the earlier draft.

Thus far in the month of April, the Nifty PSU Bank index has outperformed the market by soaring 15 per cent, as compared to 9.6 per cent rise in the Nifty 50.

Analysts at Axis Securities pin hopes on US tariff relief, revival in private capex, improving business confidence and rural recovery as potential positive triggers for the market recovery.

Nifty Bank index has corrected 16 per cent since the start of the West Asia war on February 28, 2026

At 09:30 AM on Friday; Nifty PSU Bank index, the top gainer among sectoral indices, was up 3.4 per cent, as compared to 1.2 per cent rise in the Nifty 50.

Major lenders such as SBI, HDFC Bank, ICICI Bank, and Axis Bank have seen significant erosion in their market capitalisation since the start of West Asia war

Holdings in SBI, ICICI Bank and HDFC Bank accounted for more than one-fifth of the losses for Life Insurance Corporation of India; while L&T alone created a 11 per cent dent, shows ACE Equity data.

At 09:32 AM on Monday, the Nifty PSU Bank index was the top loser among sectoral indices, down 5.4 per cent as compared to 2.8 per cent decline in the Nifty 50.

The BSE PSU index hit a fresh 52-week high of 22,583.56 in Wednesday's intra-day trade, inching towards its all-time high level of 23,018.87 on August 1, 2024

In the past one month, the Nifty PSU Bank index has soared 12 per cent, as compared to 2.7 per cent decline in the Nifty 50.

Thus far in the current week, the PSU Bank index has rallied 5.7 per cent, as against 0.74 per cent gain in the Nifty 50.