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State Bank of India, incorporated in the year 1955, is a banking company (having a market cap of Rs 544044.34 Crore).

​And there is nothing at this point of time which says that they have to take away the money and redeem the money that is not what the market is suggesting.

The stock quoted a 52-week high price of Rs 598.15 and a 52-week low of Rs 315.3.

Gold and silver futures ended in the green in the previous session. While gold rose 0.13%, silver futures fell 0.91%, at the close on Tuesday. On the Comex, Gold futures were trading at $1,964.20 per troy ounce on Wednesday, up $0.50 or 0.03% while Silver futures trading at $24.750, up $0.074 or 0.30%.

As of 30-Jun-2023, promoters held 62.55 per cent stake in the company, while FIIs held 12.62 per cent and domestic institutional investors had 7.15 per cent.

A 5-year swing high represents the highest price a stock has reached within a five-year timeframe. This level acts as a significant resistance point where the price has historically struggled to go beyond.

Tata Motors DVRs trade at a price almost half of that of ordinary shares, and therefore, provide arbitrage opportunities to investors. Under the scheme of arrangement, the DVR holders will get seven fully paid-up ordinary shares of the company, for every 10 DVRs they hold.

On the monthly options front, the maximum Call OI is placed at 19800 and then towards 19700 strikes, while the maximum Put OI is placed at 19700 and then towards 19500 strikes.

From the Sensex pack, Tata Motors opened over 3% higher after the firm reported a higher-than-expected consolidated net profit of Rs 3,203 crore in Q1 FY24. Meanwhile, L&T, Power Grid, Infosys, Wipro, JSW Steel, and HUL also opened with gains.

FPIs turn net buyers at Rs 1,088 crore after two days of selling. DIIs sold shares worth Rs 333 crore on Tuesday.