Featured News Headlines
- 1 SBI Share Price Target & Support Levels Revealed
- 2 What Is Muhurat Trading and Why It Matters
- 3 SBI Share Price: Riding the Momentum in PSU Banking
- 4 Short-Term Technical Outlook for SBI Shares
- 5 Broader Market Sentiment During Muhurat Trading
- 6 SBI’s Position in the Indian Banking Landscape
- 7 What to Watch in the Coming Weeks
As the Indian markets mark Diwali Muhurat Trading 2025 on October 21, all eyes are on stocks poised to benefit from this symbolic trading session. Among the top names highlighted by market analysts, State Bank of India (SBI) is leading the momentum, drawing investor attention due to its recent bullish price action and strong sectoral positioning.
What Is Muhurat Trading and Why It Matters
The Muhurat trading session is a special, one-hour symbolic market event conducted annually on Diwali, marking the beginning of the new Hindu calendar year, Vikram Samvat 2082. Traditionally, it is believed to be an auspicious time to initiate new investments, with many traders and investors participating to seek good fortune for the coming year.
In 2025, Muhurat trading was scheduled from 1:45 PM to 2:45 PM IST, with major Indian exchanges including NSE and BSE opening for this brief yet significant period. Despite the short window, this session is often watched closely for clues about investor sentiment heading into the new financial cycle.
According to technical insights shared by Motilal Oswal Financial Services (MOFSL), SBI has been at the forefront of the PSU banking sector’s recent rally. The stock has demonstrated a consistent bullish price-volume pattern, indicating strong buying interest among institutional and retail participants alike.
“SBI share price is leading the momentum in the PSU banking sector with bullish price volume action in the last one month,” analysts at MOFSL noted.
SBI’s strength is also reflected in how it behaves around key technical levels. The 20-day exponential moving average (20-DEMA) is acting as a reliable support, providing a cushion during minor pullbacks—often considered a healthy sign in an ongoing uptrend.
As of the Muhurat trading session, SBI is trading with upward momentum, and the brokerage’s technical reading suggests that the stock could test higher levels if the trend persists. While the firm refrains from offering investment advice, it has identified a potential upside target around ₹978, based on recent chart formations.
Support is likely to be found near ₹840, which also aligns with previous resistance levels now acting as a base.
From a trader’s perspective, the risk-reward setup appears favorable for those already holding the stock or monitoring it for technical breakouts. However, investors are advised to conduct their own research and consider market volatility before making decisions.
Broader Market Sentiment During Muhurat Trading
SBI wasn’t the only name under the spotlight this Diwali. Alongside it, One 97 Communications (Paytm), Hero MotoCorp, Bharat Electronics (BEL), and Cholamandalam Investment and Finance Company were also flagged as technically strong candidates by MOFSL.
While Muhurat trading tends to be low in volume, it carries high symbolic weight. This year, sentiment appeared cautiously optimistic, with benchmark indices showing mild gains during the session. The movement in SBI shares, however, stood out, adding to its recent positive streak.
SBI’s Position in the Indian Banking Landscape
As India’s largest public sector bank, SBI plays a pivotal role in the country’s financial ecosystem. Its diversified loan book, digital expansion efforts, and improving asset quality have made it a consistent performer in the banking space.
Recent quarterly results have shown stable net interest margins, declining NPAs, and healthy credit growth, which together have contributed to renewed investor interest. The PSU banking segment as a whole has outperformed broader indices in the past few months, and SBI has been one of the key drivers of this momentum.
What to Watch in the Coming Weeks
With the festive season underway and the year drawing to a close, market participants will be closely watching how SBI stock behaves around the ₹950–₹980 resistance zone. A decisive breakout beyond these levels could open the door to fresh highs.
At the same time, geopolitical tensions, global interest rate cues, and macroeconomic data releases remain external factors that could influence market dynamics, including those of large-cap banking stocks like SBI.
For long-term investors, SBI remains a benchmark stock for the Indian banking sector, often seen as a bellwether for economic health. However, short-term price movements will continue to be influenced by technical signals and broader market trends.
