State Bank of India’s monumental ₹25,000-crore QIP witnessed overwhelming demand, exceeding four times the offered stock. Attracting bids worth ₹1.10 lakh crore from around 120 investors, including BlackRock and Marshall Wace, the sale underscores confidence in SBI’s growth prospects. The capital raise will bolster SBI’s CET 1 ratio, positioning it for future expansion.
Negative Breakout: These 7 stocks cross below their 200 DMAs
In the Nifty500 pack, seven stocks’ close prices crossed below their 200 DMA (Daily Moving Averages) on March 4, according to stockedge.com’s technical scan data.