Shares of State Bank of India (SBI) fell 5.60% to Rs 1,079.40 on the National Stock Exchange (NSE) during the session on March 9, 2026. This decline wiped out nearly Rs 62,352 crore in market capitalisation, marking a notable shift in the bank’s financial standing.

The stock opened at Rs 1,111.10, down from its previous close of Rs 1,143.55. Throughout the session, SBI’s shares touched an intraday high of Rs 1,113.60 and a low of Rs 1,064.25, reflecting significant volatility.

As a result of this drop, SBI’s valuation slipped below the Rs 10 lakh crore mark, now standing at approximately Rs 9.93 lakh crore. The bank’s 52-week high remains at Rs 1,234.80, while its 52-week low is recorded at Rs 719.20.

The decline in SBI shares coincided with a broader sell-off in Indian equities, which was triggered by geopolitical tensions involving Iran, Israel, and the United States. These tensions have contributed to rising crude oil prices, further impacting market sentiment.

In the context of these developments, the BSE PSU Bank index also fell 5.65%, reflecting the wider market weakness. Investors are closely monitoring these trends as they assess the implications for the banking sector.

Currently, SBI holds a price-to-earnings (P/E) ratio of 12.97 and a price-to-book (P/B) ratio of 2.14, indicating its relative valuation in the market. Observers are keen to see how these financial metrics will evolve in light of the recent market movements.

Details remain unconfirmed regarding the long-term impact of these geopolitical issues on the Indian stock market and SBI’s performance specifically. As the situation develops, market participants will be looking for further clarity on the potential effects on banking stocks.

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