SBI share price hits four-week low as selling intensifies; m-cap slips below ₹10 lakh crore
Analysis of this story by livemint_markets · 13 Mar 2026, 3:01 PM IST (about 2 months ago)
AI Analysis
The banking sector is currently facing headwinds from rising bond yields, which can negatively impact treasury portfolios. This, coupled with broader market sell-offs, is putting significant pressure on bank stocks.
Trading Insight
Maintain a bearish bias on banking stocks, especially public sector banks, looking for shorting opportunities on any technical bounces. Use stop-losses diligently.
Quick check: AXISBANK bearish bias (oversold), SUNPHARMA bullish bias (overbought).
Key Evidence
- •SBI's stock fell 3% to ₹1,052.60, hitting a four-week low.
- •Market capitalization slipped below ₹10 lakh crore.
- •Investor worries about rising bond yields affecting treasury portfolios contributed to the decline.
- •SBI has seen a 12% loss in March, its largest drop since March 2020.
- •Bank Nifty plunged over 4% recently, with SBI and Axis Bank among top losers.
Affected Stocks
AXISBANKAxis Bank
Negative
Mentioned as a top Nifty loser alongside SBI in a broader banking sector sell-off.
Sources and updates
Original source: livemint_markets
Published: 13 Mar 2026, 3:01 PM IST
Last updated on Anadi News: 13 Mar 2026, 3:12 PM IST
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