Overnight Digest: Stock to Watch on March 24, 2026
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Track the latest market movements as geopolitical tensions impact Nifty and Sensex, with insights on Tech Mahindra, PVR Inox, and Wipro for March 24, 2026.
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On Monday, March 23, India’s benchmark indices, the Nifty 50 and the Sensex, ended sharply lower, declining by around 2.5 per cent. The sell-off reflected a broader risk-off sentiment across Asian markets, as escalating tensions in the Middle East kept crude oil prices elevated and intensified concerns over global growth and corporate earnings. On the day, a total of Rs 13,64,763.86 crore in market capitalisation was wiped out on the BSE.
At the close, the Nifty 50 declined by 601.85 points, or 2.6 per cent, to settle at 22,512.65. The Sensex plunged by 1,836.57 points, or 2.46 per cent, ending at 72,696.39.
Geopolitical tensions escalated after U.S. President Donald Trump set a Monday deadline of around 23:45 GMT (05:15 IST, Tuesday) for Tehran to reopen the Strait of Hormuz or face potential strikes on its power infrastructure. In response, Iran warned it would retaliate by targeting energy and water assets across the Gulf, further aggravating market concerns.
But right after the market closure, GIFT Nifty surged over 3 per cent on Monday evening after US President Donald Trump said military strikes on Iranian power plants would be postponed for five days following talks with Tehran.
The index jumped 685 points, or 3.05 per cent, to 23,150 at around 5 pm after the announcement on Truth Social.
In a post, Trump said the talks were aimed at achieving a "complete and total resolution" of hostilities in the Middle East. He added that based on the "tenor and tone" of the discussions, he had directed the Department of War to delay any strikes on Iranian power plants and energy infrastructure for five days.
With this backdrop in mind, let’s take a look at the stocks you need to keep an eye on when the markets open tomorrow.
Tech Mahindra has partnered with Roofings Group, a leading steel manufacturer in East Africa, to launch a new e-commerce platform, representing a significant step in Roofings Group’s digital transformation journey and commitment to enhanced customer service.
The company brings extensive expertise in delivering end-to-end digital business transformation, combining sector-specific consulting with advanced digital and AI-driven capabilities. By leveraging technologies such as data analytics, automation, and intelligent platforms, it helps enterprises modernise their digital ecosystems, improve customer experience, and drive scalable growth. The platform is designed to simplify and modernise the steel purchasing process, allowing customers to browse products, access transparent pricing, place orders, and make payments conveniently from anywhere in the world.
Tech Mahindra Ltd shares closed at Rs 1,384.00, down Rs 0.80, representing a decline of 0.06 per cent.
PVR Inox has opened a new three-screen multiplex at DLF Midtown Plaza in Moti Nagar, New Delhi. This strategic launch further strengthens the brand’s presence in the national capital and expands its footprint across North India. The multiplex features three mainstream auditoriums with a total seating capacity of 414, including premium recliner seats in the last two rows of each auditorium to offer a more sophisticated viewing experience. With this opening, PVR Inox now operates 114 screens across 28 properties in Delhi and 486 screens across 103 properties in North India.
Additionally, following these openings, theatres are seeing full houses thanks to back-to-back box office successes with recent hit films.
PVR INOX Ltd closed at Rs 941.90, down Rs 44.10, representing a decline of 4.47 per cent.
Wipro has strengthened its strategic presence in South Korea with the launch of a new Innovation Lab in Seoul, as part of the Wipro Innovation Network (WIN), and continued investment in local talent to support South Korean clients both locally and globally.
The Seoul Innovation Lab will operate within the Wipro Innovation Network (WIN), the company’s global network of innovation facilities. It will serve as a collaborative space for South Korean clients and ecosystem partners, enabling co-creation, rapid experimentation, and solution development. The lab will focus primarily on the technology, automotive, and industrial sectors, supporting use cases such as intelligent product engineering, software-defined vehicles, smart manufacturing, supply chain optimisation, and AI-enabled operations.
Wipro Ltd closed at Rs 187.54, down Rs 3.36, representing a decline of 1.76 per cent.
Disclaimer: The article is for informational purposes only and not investment advice.