Monday, Sep 07 2026 — Nifty can’t reclaim 24,215, so 23,260 is the level to watch. Gift Nifty points to a soft start even as Asia edges higher. LIC gets RBI nod for 9.99% ICICI Bank.

SEBI clears NSE IPO; grey market premium jumps. Steamhouse IPO opens Sep 9 with Rs 77–81 price band and Rs 414 cr raise. RBI liquidity test is the real macro cue. Its foreign deposit plan could cost $10.6 bn, so banking liquidity is where pressure shows. Elara still tracks Nifty 30,000; likes IT, power, smallcaps. But near-term trade stays defensive until 24,215 is reclaimed. Bottom line: soft open likely, Asia bid and ICICI flow could cushion. 23,260 is tomorrow’s line in the sand.

SEBI clears NSE IPO; grey market premium jumps. Steamhouse IPO opens Sep 9 with Rs 77–81 price band and Rs 414 cr raise.