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Shares of State Bank of India (SBI) rose as much 5.3 per cent to a record high of Rs 359.15.
The shares surged to a record high on Thursday morning, as early trends indicated a major lead for Prime Minister Narendra Modi's National Democratic Alliance (NDA), as vote-counting for the Lok Sabha Polls 2019 began.
The stock of SBI broke above a resistance at Rs 352.86.
The breakout suggests that in a couple of days, the stock may test the next resistance at Rs 66.6.
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