SBI shares rise 6.7% on strong earnings, REC declines
State Bank of India shares rose 6.7% to an all-time high on strong earnings, boosting the PSU banking sector. In contrast, REC faced declines due to merger-related issues, highlighting a divergence in stock performances amidst a steady market.
after close1 source ↓written by the desknot a recommendation
- following robust December
- 6.7%
- 50 remained above
- 25,800
The Indian stock market showed divergence as State Bank of India (SBI) shares surged 6.7% following robust December quarter results, reaching an all-time high. This rally in SBI boosted the public sector banking segment, while REC faced downward pressure amid merger concerns. The Nifty 50 remained above 25,800, reflecting mixed individual stock performances.
Not investment advice. For informational purposes only.