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SBI reaches ₹5 lakh crore market cap

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government lender, National Bank of India (SBI) hit the market cap of Rs 5 lakh crore on Wednesday after the shares hit a record high of Rs 564.45.



With this market cap, SBI was ranked seventh in the market cap ranking.

SBI has become the third lender in the country to exceed the market cap of Rs 5 lakh crore.

HDFC Bank held the first place in this list, which was followed by ICICI bank.

At 1:10 p.m., SBI shares were up Rs 14.75 or 2.64 percent at Rs 573.00.

In the meantime, Sensex traded 126.21 points or 0.21 percent lower at 60,444.87, and useful was 32.90 points or 0.18 percent lower at 18,037.15.

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