Nifty 50 falls for 7th straight session, longest losing streak since Sept 2025; what keeps stock market under pressure?

SBI shares rose sharply on Friday after the lender reported a 10% year-on-year rise in Q1 FY27 standalone profit to Rs 21,121 crore, beating Street estimates. Net interest income rose 15% to Rs 46,992 crore, while total business crossed Rs 110 trillion. The stock remains 9% below its 52-week high.

The AI-driven rally in US equities is showing signs of broadening as investors rotate away from megacap technology stocks into sectors such as healthcare and financials. While the Magnificent Seven remain crucial to the S&P 500’s direction, improving market breadth and stronger participation from mid- and small-cap stocks suggest a healthier, more diversified bull market.

Around 86,800 people are still affected by the floods in Golaghat, Jorhat, Nagaon and Sivasagar. Golaghat remains the worst-hit district, with more than 42,000 people affected. Nagaon has around 20,000 affected residents, while Sivasagar has about 15,000. The situation has nevertheless improved compared with Tuesday, when nearly 1.13 lakh people were affected across the four…