Shares of State Bank of India (SBI) fell 5.60% to Rs 1,079.40 on the National Stock Exchange (NSE) during the trading session on March 9, 2026. This decline resulted in a loss of nearly Rs 62,352 crore in market capitalisation, pushing SBI’s valuation below the Rs 10 lakh crore mark to approximately Rs 9.93 lakh crore.

SBI opened at Rs 1,111.10, compared to its previous close of Rs 1,143.55. The stock reached an intraday high of Rs 1,113.60 and a low of Rs 1,064.25.

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

In terms of historical performance, SBI’s shares have seen a 52-week high of Rs 1,234.80 and a low of Rs 719.20, highlighting the volatility in the stock’s price over the past year.

As of now, SBI’s price-to-earnings (P/E) ratio stands at 12.97, while its price-to-book (P/B) ratio is at 2.14, indicating the current valuation metrics of the bank.

The BSE PSU Bank index also fell 5.65%, reflecting the overall weakness in the market. Investors are closely monitoring these developments as they may signal broader economic implications.

Details remain unconfirmed regarding the potential long-term impact of these geopolitical tensions on the Indian stock market and SBI’s performance.

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