F&O Talk: 23,050 key Nifty support; Sudeep Shah outlines Tata stocks strategy, names 5 picks
State Bank of India secured new business.
19 Sept 2026 · Economic Times Markets
Nifty’s 23,000-23,050 zone remains a crucial support as the index navigates a prolonged correction, while 23,500 is the key hurdle. SBI Securities’ Sudeep Shah outlines the outlook for Nifty, Bank Nifty and IT, shares technical views on Tata stocks, and names five stocks that look promising for the coming week.
The analysis
Against that, the stock is -1.1% on the day at ₹948.05, and has returned -8.7% over three months. It sits 23% below its 52-week high. The banks sector has moved -4.0% over the same period, so State Bank of India is running 4.7 points behind its peers.
For State Bank of India, the question is how much of this is already reflected in the price and how much re-rates the banks peer set alongside it.
Market context
- The company directly in focus is SBIN.
- Sector exposure: Banks.
In this story
Related coverage
Invesco and Motilal Oswal lead AUM growth in Q2 FY27, shows data
RBI MPC Decision Live: SBI MD Expects Credit Growth To Remain Strong After Repo Rate Hike
SBI Share Price Live Updates: SBI's Weekly Returns Dip by 0.62%
Up to 52% upside - Jindal SAW, SBI Life, ICICI Bank shares | 360 ONE's21 biggest bets for investors - Check full list
Jefferies increases weight in Reliance, 2 others; trims weight in 3 stocks in latest model portfolio changes. See list