Shares of State Bank of India (SBI) fell 5.60% to Rs 1,079.40 on the National Stock Exchange (NSE) during trading on March 9, 2026. This decline resulted in a significant loss of nearly Rs 62,352 crore in market capitalisation, prompting concerns among investors.

The stock opened at Rs 1,111.10, down from its previous close of Rs 1,143.55. Throughout the session, SBI’s shares reached an intraday high of Rs 1,113.60 and a low of Rs 1,064.25, reflecting the volatility in the market.

As a result of this decline, SBI’s valuation slipped below the Rs 10 lakh crore mark, now standing at approximately Rs 9.93 lakh crore. The bank’s 52-week high is recorded at Rs 1,234.80, while the 52-week low is Rs 719.20, indicating a challenging period for the stock.

The broader market environment has also been unfavorable, with the BSE PSU Bank index falling 5.65% amid a general sell-off in Indian equities. This downturn has been attributed to rising geopolitical tensions involving Iran, Israel, and the United States, which have led to an increase in crude oil prices.

Currently, SBI’s price-to-earnings (P/E) ratio is at 12.97, and its price-to-book (P/B) ratio stands at 2.14, reflecting its valuation metrics in the current market climate. Investors are closely monitoring these developments as they assess the bank’s performance and market position.

Details remain unconfirmed regarding the long-term implications of this decline on SBI’s market strategy and investor confidence. Observers are keen to see how the bank will navigate through this challenging period and whether it can recover in the coming sessions.

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