State Bank of India falls Wednesday, underperforms market

Shares of State Bank of India
500112,
-4.80%
dropped 4.80% to 527.10 Indian rupees Wednesday, on what proved to be an all-around nice buying and selling session for the inventory market, with the S&P BSE Sensex Index
1,
+0.27%
rising 0.27% to 59,708.08.

State Bank of India closed 102.55 rupees quick of its 52-week excessive (629.65 rupees), which the corporate reached on December 15.

The inventory underperformed when in comparison with some of its opponents Wednesday, as IndusInd Bank Ltd.
INDUSINDBK,
-3.80%
fell 3.80% to 1,041.85 rupees and Kotak Mahindra Bank Ltd.
500247,
+0.91%
rose 0.91% to 1,745.95 rupees.

Trading quantity (2.4 M) eclipsed its 50-day common quantity of 481,610.

Editor’s Note: This story was auto-generated by Automated Insights, an automation expertise supplier, utilizing knowledge from Dow Jones and FactSet. See our market knowledge phrases of use.