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SBI gains on unveiling ‘SBI Composite Index’

10 Dec 2014 Evaluate

State Bank of India (SBI) is currently trading at Rs. 313.75, up by 7.05 points or 2.30 % from its previous closing of Rs. 306.70 on the BSE.

The scrip opened at Rs. 303.00 and has touched a high and low of Rs. 314.80 and Rs. 303.00 respectively. So far 1203184 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 327.10 on 01-Dec-2014 and a 52 week low of Rs. 145.60 on 14-Feb-2014.

Last one week high and low of the scrip stood at Rs. 322.90 and Rs. 305.40 respectively. The current market cap of the company is Rs. 234349.29 crore.

The promoters holding in the company stood at 58.60 % while Institutions and Non-Institutions held 31.25 % and 8.03 % respectively.

State Bank of India (SBI), the nation’s biggest lender, has launched ‘SBI Composite Index’, a tool that will primarily track manufacturing activity to offer forward-looking economic trends. The Index will analyze data from both manufacturing and services industries to determine expansion or contraction in the economy. The SBI Composite Index rivals the existing data point from British lender HSBC.

The bank has created two indices - the SBI Monthly Composite Index and the SBI Yearly Composite Index. Both fulfill complementary purposes such as month-on-month sentiment movement and year-on-year growth forecast, respectively.

Markers at present depend on HSBC India Purchasing Managers' Index (PMI) and HSBC India Services Business Activity Index to get clues about economic trends.

State Bank Of India Share Price

1096.05 11.20 (1.03%)
07-Aug-2026 16:59 View Price Chart
Peers
Company Name CMP
State Bank Of India 1096.05
PNB 114.70
Bank Of Baroda 250.00
Canara Bank 131.50
Union Bank Of India 183.35
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