Tuesday, Sep 8, 2026. Nifty closed below 23,600, Sensex -300 pts, and Nifty is down 1,000+ from Aug high. SEBI eased FPI compliance for G-sec bets, FIIs poured ~Rs 50,000 cr into select sectors in 2 m

RBI's 30-day VRRR drew a muted response—banking liquidity surplus is still high. Money markets calm, but that weakens near-term rate-cut urgency. FII flow angle: the ~Rs 50,000 cr is concentrated, not broad risk-on. Nifty cracking 23,600 matters more when foreign buying is selective. Coforge doubled from March low, outperforming Nifty IT peers. Japan GDP strength + yen rally before BOJ keeps carry-unwind risk alive; surging crude is pressuring ECB path too. For tomorrow's open: Nifty below 23,600 with BOJ and crude as triggers. A break of 23,500 could speed up FII selling—wait for stability, don't catch the knife.

RBI's 30-day VRRR drew a muted response—banking liquidity surplus is still high. Money markets calm, but that weakens near-term rate-cut urgency.