MONDAY, AUGUST 24, 2026 | $NIFTY above 24,300, $SENSEX +200 pts as crude slips ahead of US Iran sanctions. SEBI rejecting Adani-linked FPI settlement pleas is the bigger overhang.

Rupee opens 6 paise stronger at 95.64/$; $USDINR stays on a narrow leash as RBI intervenes ahead of US Iran sanctions. $NIFTY’s next leg needs a break above 24,350–24,400. Until then it’s range trade. Global cues: BOJ September hike bets, hawkish ECB risk. SEBI rejects Adani-linked FPI settlement pleas—regulatory risk stays on FPI flows. SEBI also flags Gen Z derivatives losses; more scrutiny likely. So what? Tomorrow’s open: watch $USDINR, crude and Adani group stocks. Failed push at 24,350–24,400 = fade the rally; a break = momentum. Watch: $78K

Rupee opens 6 paise stronger at 95.64/$; $USDINR stays on a narrow leash as RBI intervenes ahead of US Iran sanctions.