-1.85% Move Highlights bearish Momentum in SBIN.NS Stock on Jan 13, 2025

    Date:  Jan 13, 2025 (Monday)
    
    open  :  ₹741.50
    close :  ₹729.50
    low   :  ₹722.50
    high  :  ₹743.95 
    
    previous close:  ₹743.25 
    

On Jan 13, 2025 (Monday), STATE BANK OF INDIA (SBIN.NS) in the Financial Services sector showed bearish momentum of -1.85% relative to previous day's close. The stock belongs to the Banking industry within the Financial Services sector.

At the opening bell, the stock started with a minor gap down at ₹741.50, compared to the previous close of ₹743.25 (a minor gap down of -0.24%).

STATE BANK OF INDIA which is a Large-Cap stock hit a high of ₹743.95 and a low of ₹722.50, creating a trading range of ₹21.45. The price movement for the day was -1.62% lower than the opening price.

During the day's session, the STATE BANK OF INDIA traded 10,411,575 shares, showing a modest -16.06% change compared to the average of 12,404,071 shares. This indicates a fairly typical level of market activity, with no major deviations from average trading volume.

The stock showed moderate volatility (2.94%) with movement between ₹722.50 and ₹743.95.

If we look at the last 30 days daily chart, the stock has been in an uptrend, but today's close < open forms a bearish candle, going against the trend and hinting at selling pressure or potential weakness in the uptrend.