SBI share price declined to its yearly lows on Tuesday and if selling continues in Indian markets on Thursday, we could see a fresh low for the biggest PSU lenders in India.

The latest research update from Sharekhan presents a detailed analysis of the State Bank of India (SBI).

MTNL, SBI and IREDA were trading positive on Monday. Indian markets opened flat on Monday and markets are looking for cues for next major move.

Bank of Baroda, PNB, SBI, Canara Bank and IDBI shares were trading 2 percent higher during the early trading session as Public Sector banks were in demand.

Indian markets opened strong on Tuesday after facing many days of selling pressure.

KRChoksey Research has reiterated a Buy recommendation for State Bank of India (SBI) with an increased target price of Rs 1,020, representing a 20.3% potential upside from the current market price