Nifty Bounces Off Key Support — Can 7-Week Losing Streak Finally End?
State Bank of India secured new business.
30 Sept 2026 · NDTV Profit
The 22,400-22,600 zone now remains a crucial support area for the benchmark, according to Sudeep Shah, Head - Technical and Derivatives Research at SBI Securities.
The analysis
Against that, the stock is -1.1% on the day at ₹948.25, 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
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