State Bank of India (SBI) witnessed a significant drop in its market value, losing more than $11 billion over two trading sessions. This decline is attributed to margin pressures and earnings results that fell short of investor expectations. Data from the National Stock Exchange (NSE) revealed heavy call option writing at the 1,000 strike price on Monday, indicating that market participants anticipate any near-term recovery in SBI's stock price to be capped around that level. The developments reflect cautious investor sentiment amid challenges faced by the bank in maintaining profitability and managing margins effectively. NSE ​data showed the heaviest fresh call writing on SBI's 1,000 strike on Monday, ​signalling that investors expect any near-term rebound in the stock's price to likely be capped at that level.