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 wiped out nearly Rs 62,352 crore in market capitalisation, marking a notable drop in the bank’s valuation.

At the start of the day, SBI opened at Rs 1,111.10, compared to its previous close of Rs 1,143.55. The stock experienced volatility, reaching an intraday high of Rs 1,113.60 and a low of Rs 1,064.25.

With this decline, SBI’s market valuation slipped below the Rs 10 lakh crore mark, now standing at approximately Rs 9.93 lakh crore. The bank’s shares have seen a 52-week high of Rs 1,234.80 and a low of Rs 719.20, indicating a significant fluctuation in its stock performance over the past year.

The broader market also faced challenges, with the BSE PSU Bank index falling 5.65% amid a general sell-off in Indian equities. This downturn is attributed to rising geopolitical tensions involving Iran, Israel, and the United States, which have led to an increase in crude oil prices.

Currently, SBI has a price-to-earnings (P/E) ratio of 12.97 and a price-to-book (P/B) ratio of 2.14, reflecting its financial standing in the market.

Market observers are closely monitoring the situation as the decline in SBI shares unfolds in the context of broader economic pressures. The impact of geopolitical events on market sentiment remains a crucial factor to watch.

Details remain unconfirmed regarding any specific actions the bank may take in response to this decline or how it plans to navigate the current market conditions.

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