SBI MARKET CAPITALIZATION CROSSES RS 8 LAKH CRORE

The State Bank of India (SBI), the country's largest public lender, witnessed a significant surge in its market capitalization on Monday, surpassing the Rs 8 lakh crore mark. The stock reached a new 52-week high of Rs 911 on the NSE, registering an impressive 10% gain in intraday trade.

This rally in SBI's stock price was primarily driven by the exit poll predictions, which indicate a strong majority for the Narendra Modi government in the upcoming elections. According to the average of 12 exit polls, the NDA is projected to win 367 seats this time, an increase from the 353 seats it secured in the 2019 elections. The lowest forecast among these polls still predicts 316 seats for the NDA.

Learn More