SBI surpasses the market capitalisation of Rs 5 trillion

State-owned lender State Bank of India (SBI) reached the record of market cap on Wednesday as its shares hit the record high of 564.45.

State-owned lender State Bank of India (SBI) has crossed the mark of five million crore market capitalisation on Wednesday, after its shares hit an all-time high of 564.45.

Thanks to this capitalisation, market value, SBI stood seventh on the market capitalisation rankings.

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SBI has been the third bank in the country to reach the market limit in the amount of 5 lakh crore.

HDFC Bank held first rank on this list. It was then followed by ICICI Bank.

As of 1.10 p.m., SBI shares were trading up at Rs 14.75 or 2.64 percent at 573.00. 573.00.

At the same time, Sensex was trading 126.21 points or 0.21 percent lower at 60,444.87 The Nifty stood at 32.90 points , or 0.18 percent lower at 18,037.15.

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