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SBI tanks 5%, broader market weakness overshadows Q4 nos

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BS Reporter Mumbai
Last Updated : Jan 20 2013 | 8:47 PM IST

The stock touched low of Rs 1,251, down 10% from the day's high. It finally ended down 5% at Rs 1,261. The counter saw a heavy trading volume of 1.39 million shares, well above its two-week daily traded average of 752,682 shares.

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(Updated at 1008 hrs)

SBI opened nearly 5% higher at Rs 1,389 following announcement of Q4 results on Saturday.

The stock is currently up 2% at Rs 1,350. A total of 98,801 shares have traded hands at the counter on the BSE so far.

The bank's net profit rose 45.5% to Rs 2,742.31 crore during the quarter ended March 2009 mainly on account of a rise in treasury and other incomes.

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First Published: May 11 2009 | 4:13 PM IST

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