Dalal Street witnessed a mixed bag of earnings reactions as investors closely tracked key quarterly numbers from some of India’s biggest companies. State Bank of India disappointed markets with softer-than-expected margins and earnings, triggering weakness in the stock despite brokerages holding back from outright sell calls. Meanwhile, Swiggy continued to face pressure over its steep losses, even as the company reported its fastest food delivery growth in four years and a narrowing loss figure. Realty major Oberoi Realty delivered a stellar performance, reflecting the continued strength in the property sector. Investors also tracked earnings from Bank of Baroda, JSW Infrastructure, Hyundai Motor India and Bajaj Healthcare, with sharp stock-specific reactions dominating trade. Ahead of more results from Canara Bank, Indian Hotels Company and JSW Energy, analysts decoded the biggest earnings surprises, margin concerns and market takeaways shaping investor sentiment.