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SBI Share Price Forecast: Global Cues & GDP Data to Drive Monday’s Trade, Detail Inside

Vikram Singh
By Vikram Singh
3 min read
Published: 28 Feb 2026
SBI Share Price Forecast: Global Cues & GDP Data to Drive Monday’s Trade, Detail Inside
SBI Share Price Prediction 2026: The past week has been quite volatile for the Indian banking giant, State Bank of India (SBI). SBI was also affected by the widespread sell-off in the stock market on Friday, February 27, 2026, and the stock fell by approximately 0.64% to close at ₹1,201.70.
Investors are now eyeing the opening of the market on Monday, March 2, 2026, as the market waits to see whether SBI will re-test its record high of ₹1,234 or whether market pressure will pull it back towards the support level of ₹1,190. Let’s take a closer look at the market dynamics for Monday and the factors that will determine the direction of the bank’s shares.

SBI Stock Analysis

Since the beginning of 2026, SBI has delivered impressive returns to investors, and in the past year, the stock has seen a meteoric rise of nearly 70%, taking its market cap past ₹11 lakh crore. SBI is currently in contention to become India’s third most valuable company, behind Reliance and HDFC Bank.
A major news item in Friday’s session was a block deal, where French bank BNP Paribas purchased shares worth approximately ₹64 crore, reflecting the confidence of large foreign institutional investors. However, on the technical charts, the RSI (Relative Strength Index) is at 76.2, indicating that the stock is in the overbought zone, so the possibility of mild profit-booking cannot be ruled out in Monday’s opening session.

Key Levels for Monday

Market direction on Monday will largely depend on global cues and GDP data released on Friday evening. The first strong resistance for SBI is visible at ₹1,215, and if the stock manages to hold above this level, it could see a new uptrend. Following this, the ₹1,235 level will be crucial, as it represents the stock’s all-time high, and crossing it would be a clear signal of a significant rally.
In the event of a downward move, the ₹1,192 level will act as immediate support, allowing buyers to re-activate. If panic selling develops in the market, the ₹1,180 level will act as a strong wall that seems difficult to break.

SBI Home Loan

SBI’s Growth Drivers

SBI’s rally is driven not only by market sentiment but also by the bank’s strong fundamentals and steadily improving asset quality. In the third quarter of FY26, the bank recorded its highest-ever net profit of ₹21,028 crore. Additionally, the bank’s gross NPAs have fallen to 1.57%, one of the lowest levels in the last two decades.
The bank’s digital platform, YONO 2.0, and its strong presence in the retail loan segment give it a strong position compared to private banks. Several leading brokerage houses have given high target prices of ₹1,300 to ₹1,350 for SBI by the end of 2026, which is a positive sign for long-term investors.
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