Shares of State Bank of India (SBI) experienced a significant decline, falling nearly 7%, marking the largest single-day drop in two years. The stock closed at ₹1,019.3 after the bank reported disappointing fourth-quarter earnings, attributed to a decline in net interest margins and a decrease in treasury income. Over the past month, SBI's shares have fallen 4.1%, while the Nifty 50 index has seen a slight increase of 0.8%. Analysts suggest that technical indicators point to further weakness in the near term, with potential support levels identified between ₹970-990. Investors are advised to maintain a stop-loss at ₹970 for existing positions and wait for signs of stability before entering new trades. In the event of a rebound, the ₹1,050-1,075 range may serve as an immediate resistance zone.