After touching an intraday high of 15,235.51, the BSE Sensex finally ended the day at 15,138.40, up 152.70 points, whereas the broad-based NSE Nifty ended at 4,401.55, up 45.2 points.
State Bank of India jumped 2.87% to Rs 1592.75 on reports that it is planning to make a holding company for its mutual funds and life insurance business.
About 11.24 lakh shares of the scrip were traded on the BSE counter. The scrip showed an average daily volume of 5.97 lakh shares within the last three months.
Technical Analyst, Vijay Bhambwani is of the view that one
should hold State Bank of India (SBI) stock as it can add another Rs 60-70
within the coming days.
SBI has been a great mover and shaker. It is good for
another Rs 60-70 before some quantity of profit taking can enter.