The State Bank of India’s Global Depository Receipts (GDRs) continued their downward trajectory, registering another session of notable declines. Sustained investor selling has placed considerable pressure on the valuation of the Indian banking behemoth’s internationally traded securities.
During Tuesday’s trading session, the State Bank Of India GDR (Reg S) / 2 (SBI.NS) witnessed a decline of 1.11 percent. By 17:06 British Summer Time (BST), the price had fallen to 93.55 pence. This persistent weakness indicates a clear trend of market participants either liquidating existing holdings or refraining from establishing new long positions in the instrument.
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The bearish sentiment was not confined to a single exchange. Concurrently, on the London Stock Exchange, the security was quoted at $94.10, reflecting a loss of 0.53 percent. The uniformity of these negative price movements across multiple trading venues underscores a broad-based and consistent market reaction, pointing to a distinct lack of immediate positive catalysts.
- Price Performance: A drop of 1.11% to 93.55 pence
- Trading Session: August 26, 2025, at 17:06 BST
- Market Trend: Coordinated negative performance observed across different platforms
This established pattern of decline has firmly placed the GDR in a downtrend. Market observers and sector analysts are monitoring the situation closely, assessing whether these movements could signal broader implications for the banking sector or emerging market financial instruments. The prevailing investor mood remains cautious, with a decidedly bearish near-term outlook for this specific asset.
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