Shares of State Bank of India (SBI), the undisputed leader in the Indian banking sector, set a new record on Dalal Street today. Riding on the bank’s impressive quarterly results and unwavering investor confidence, SBI shares crossed the crucial psychological level of ₹1,200 for the first time in Friday’s trading session.
By market close, the stock settled at ₹1,198.60 on the National Stock Exchange (NSE), representing a strong gain of approximately 0.52 percent over its previous close. This gain is significant because while the entire banking index has been under significant pressure, SBI has maintained its dominance and delivered impressive returns to investors.
Today’s Market Conditions
SBI opened the trading session on a positive note, opening at ₹1,189, a slight increase from its previous close. Despite market fluctuations throughout the day, SBI saw consistent buying and hit a new all-time high of ₹1,201. With a strong trading volume of nearly 18 million shares, the stock proved that large institutional investors (FIIs and DIIs) continue to consider SBI their preferred choice among public sector banks.
The bank’s market cap has now crossed ₹11 lakh crore, placing it among the top four in India’s most valuable companies. This rally is driven by impressive figures for the December 2025 quarter, in which the bank reported a net profit of ₹21,028 crore and a historically low NPA of 0.58 percent.
Which direction will the stock move on Monday
For upcoming trading session, Monday, February 16, SBI shares currently appear to be in a very strong bullish zone. However, the stock closed just below ₹1,200 today, so the ₹1,207 level could now pose a stiff resistance.
If the market starts well on Monday and the stock manages to hold above ₹1,208, we could see it move towards the ₹1,225 to ₹1,240 levels very soon. In the event of a decline, the ₹1,180 level will act as strong support, potentially preventing any significant selling.
Technically, SBI’s RSI (Relative Strength Index) is currently around 76, indicating that the stock has entered overbought territory. In such situations, traders often attempt to book profits at higher levels, leading to a slight decline or consolidation.
Despite this, leading brokerages like Motilal Oswal and Jefferies have maintained their ‘Buy’ rating on the stock and revised the target price to ₹1,300, presenting a very positive long-term outlook.
What’s Right for Investors
SBI remains an essential part of portfolios for long-term investors, as its loan growth guidance of 13-15 percent and improving net interest margins position it well against other banks. However, short-term traders are advised to wait for the stock to stabilize above ₹1,200 rather than jumping in immediately. If there is no negative news from global markets on Monday, SBI is likely to extend its record-breaking rally.
