Wednesday, September 09, 2026. Sensex -600 pts, Nifty below 23,500. Oil near $100 squeezing the rupee. NSE IPO likely cut to ₹25,000 cr—₹300/share haircut before launch.

The NSE IPO cut is a reality check: the exchange is being priced for a tougher market, not a bull-market debut. Oil near $100 pressures rupee and importers; upstream energy may catch a bid. Renewables still moving: Enviro Infra +10% on ₹190 cr NTPC wind order. Japan yields are easing, but repatriation risk keeps FPIs twitchy. If Japanese money heads home, Nifty largecaps already down for two years stay vulnerable. Tomorrow’s open hinges on oil and rupee. Nifty below 23,500 needs to hold 23,400 or sellers stay in control.

The NSE IPO cut is a reality check: the exchange is being priced for a tougher market, not a bull-market debut.