FRI, SEP 25, 2026: Nifty closes above 23,050, Sensex rebounds after yesterday's crash. IRDAI's commission curbs hit insurers, banks and NBFCs; 23,000 is now the line in the sand.

Earnings: Nuvama's Prateek Parekh says Nifty estimates are ambitious, but a weak rupee doesn't wreck the outlook. Don't chase broad upside until downgrades stop. SEBI policy: accredited-investor framework revamped, common ad code approved, and PMS players get a direct route to MFs/SIFs — Rs 25 lakh minimum ticket. More institutional plumbing, less retail froth. Corporate/IPO: Inox Clean Energy looks to file a Rs 10,000 crore IPO with SEBI. Meanwhile 106 multibaggers in three years, but every second Nifty 500 stock is down in 2026 — the easy money phase is over. Tomorrow's open: Nifty holding 23,000 keeps the rebound alive. If that breaks, IRDAI pain in financials plus broad Nifty 500 weakness says stay defensive. Watch insurers, banks and NBFCs first.

Earnings: Nuvama's Prateek Parekh says Nifty estimates are ambitious, but a weak rupee doesn't wreck the outlook. Don't chase broad upside until downgrades stop.