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SBI shares decline as budget raises borrowing targets

after close1 source ↓written by the desknot a recommendation

in the NSE
5.6% decline

State Bank of India (SBIN) shares dropped sharply following the 2026 Union Budget, which raised government borrowing targets. This led to a 5.6% decline in the NSE Nifty PSU Bank Index amid rising yield concerns. SBI is scheduled to announce its Q3 results on 7 Feb 2026, coinciding with over 200 companies reporting their financials.

Not investment advice. For informational purposes only.

OI Charts is not a SEBI-registered investment adviser or research analyst. This bulletin was written by the OI Charts desk from the public sources listed here. It is commentary on market conditions, not a basis for any investment decision and not a recommendation to buy or sell any security. Prices as of 2 Feb 2026, 16:06 IST.

Sourcesnews.google.com

Read inENहिंతెमराதગુ

The market after the news

SBIN closed +3.5% on the day of the news, from ₹1,028.70 to ₹1,064.20; Nifty +2.5% over the same session; futures OI −4.2%.

Bulletin at 16:06 IST on 2 Feb 2026. Every change is measured from ₹1,028.70, the last close before it, on 2 Feb. Nifty 50 is measured over the same sessions.

  • SBIN close ₹
  • Nifty 50, rebased to the close before the news
  • close before the news
  • above it
  • below it
  • futures OI, lots
SBIN closes around the bulletin against the close before the news, with Nifty 50 rebased to it955.4610841213axis spans 27%before the news · 2 Feb1029Nifty 50SBINbulletinD0+1+3+528 Jan6 Feb17 FebFutures open interest, lotspeak 97,000Reference close ₹1,028.70. 16 sessions from 28 Jan to 17 Feb; the price axis spans 27 percent.
price axis fixed at 4 × the 14-session true range around the close before the news · values printed at each marked session
Closes after the news against the close before it, with Nifty 50 over the same span
SessionClose ₹Change %Nifty %
Before2 Feb₹1,028.70basebase
On the day3 Feb₹1,064.20▲ +3.5%▲ +2.5%+0.9 pp difference
+1 session4 Feb₹1,068.20▲ +3.8%▲ +2.7%+1.1 pp difference
+3 sessions6 Feb₹1,066.40▲ +3.7%▲ +2.4%+1.3 pp difference
+5 sessions10 Feb₹1,144.10▲ +11.2%▲ +3.4%+7.8 pp difference
Gap at the open, % · ₹
▲ +5.7%+58.33 on 3 Feb
Day's range, % · ₹
4.8%≈ 49 high to low
Volume on the day
1.59×the 20-session average
Futures OI on the day
▼ −4.2%−4,000 lots · short covering · price +3.5%
Futures OI open, lots
92,0003 Feb · 24 Feb expiry
Futures premium, ₹
+1.40+0.1% to spot
Puts per call, by OI
0.93from 0.85 the session before
Max pain
1,040from 1,030 the session before

Source NSE UDiFF bhavcopy · SBIN on the desk →

Thread · SBINAll SBIN bulletins →

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