Shares of State Bank of India lost over 1% in morning trade on the bourses today ahead of the company's quarterly earnings, to be announced later in the day.
Despite making a positive opening, the scrip of the country's largest lender fell by 1.46% to Rs 1,968.30 in early trade on the BSE. Similarly, the stock shed 1.46% to Rs 1,968 on the NSE.
In the previous session, SBI had gained close to 2%.
SBI will announce its financial results for the quarter and half year ended September 30, 2011, today.
In a research note, Brokerage firm Angel Broking said, "We expect the bank to report healthy net interest income growth of 21.9% on a y-o-y basis. Net profit growth is expected to be moderate at 10.7% y-o-y to Rs 2,769 crore."
The broader market was trading with huge volatility, with the benchmark Sensex quoting at 17,579.88, up 10.35 points, at 1050 hours.
