State Bank of India (SBI) has rallied to the third straight day on the BSE, on reports that the back is looking to raised Rs 15,000 crore as additional capital of the company to fulfill the RBI laid Basel III norms. The stock extended gains in the mid-noon deal to hit four-year high at Rs. 336 on the BSE. Now, State Bank of India is up over a per cent at Rs. 334 and has seen trades of around 1.2 million shares as against the two-week daily moving average of 2.1 million shares on the BSE. Meanwhile, the BSE Sensex has dropped over 91 points at 29,480.
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