Why did the SBI share price fall below ₹1,000 on Feb 2?

A 17% jump in the FY26–FY27 gross borrowing plan raised concerns over higher bond yields, which can pressure bank valuations and treasury gains. After a strong rally and a ₹10 trillion market cap milestone, some investors booked profits. The combination triggered a brief dip below ₹1,000 before a rebound.

What are key levels to watch for SBI stock today?

Immediate resistance sits near ₹1,082.50 and ₹1,090. First support is ₹1,013–₹1,000, followed by the 50-DMA at ₹995. Momentum is positive with RSI around 60 and a strong ADX, but price above volatility bands suggests near-term stretch. Use the ATR near 14 to size trades.

What should investors track in State Bank of India results on Feb 7?

Focus on NIM resilience amid deposit repricing, loan growth trends, slippages and credit cost guidance, and treasury marks after yield moves. Also watch capital ratios and any dividend commentary. Clear beats on NIM and asset quality, plus stable treasury income, can support the SBI share price post-results.

Is SBI expensive at current levels?

At about 11.4x TTM earnings and 1.82x book with roughly 16% ROE, SBI looks reasonably priced for a large bank. A stock grade of B suggests Hold, while another model rates it C. Valuation upside depends on sustaining NIMs, controlled credit costs, and manageable yield-driven treasury swings.

Global Market Insights

SBIN.NS Stock Today: Budget Borrowing Hit; Q3 Results Watch – February 03

ByHuzaifa Zahoor February 3, 2026February 3, 2026

The SBI share price swung sharply after the Union Budget signaled a 17% rise in FY26–FY27 gross borrowing, lifting yield expectations and pressuring bank valuations. State Bank of India (SBIN.NS) briefly dipped below ₹1,000 on 2 Feb before rebounding. By late session, the SBI share price hovered near ₹1,064.20, up 4.5% day on day. With Q3 FY26 results due on 7 Feb, investors will focus on NIM resilience, asset quality, treasury marks, and any guidance on credit costs and growth into FY27.