SBI hits Rs 5 lakh crore market capitalisation

  • IANS
  • Stock Market News
SBI hits Rs 5 lakh crore market capitalisation
Credit: © Reuters.

Mumbai, Sep 14 (IANS) State-owned lender, State Bank of India (NS: SBI ) hit the Rs 5 lakh crore market capitalisation on Wednesday after its shares touched a record high of Rs 564.45.

With this market capitalisation, SBI stood on the seventh position in the market capitalisation ranking.

SBI has become the third lender in the country to cross the market cap of Rs 5 lakh crore.

HDFC Bank (NS: HDBK ) held first rank in this list, which was followed by ICICI Bank (NS: ICBK ).

At 1.10 p.m., SBI shares were up Rs 14.75 or 2.64 per cent at Rs 573.00.

Meanwhile, Sensex was trading 126.21 points or 0.21 per cent down at 60,444.87, and Nifty was 32.90 points or 0.18 per cent down at 18,037.15.

--IANS

msn/ksk/

Drop an image here or Supported formats: *.jpg, *.png, *.gif up to 5mb

Error: File type not supported

Drop an image here or

100

Related Articles