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Strike makes no impact on SBI share

Written by: Staff

New Delhi, Apr 7 (UNI) The ongoing strike by the employees of the State Bank of India (SBI) has not impacted its share movement in the stock market where the SBI Scrip has moved more or else in line with the Sensex.

On April 3, the first day of strike by its employees, the SBI share staged a smart rally and closed at 983.55, which was in sync with the runaway rise of 284.4 points in the Sensex.

After having touched 1006.6 on Wednesday, the scrip dropped to 974 today, which is again in line with the sharp decline in the Sensex suggesting clearly that the investors do not seem to have been ruffled by the impact the strike could have on SBI's business.

Even the reported threat by the Government to shift its big treasury and tax business from the SBI to other banks has not created any significant effect on the investors sentiment.


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