Overnight Digest: Stocks to Watch on March 23, 2026
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India’s benchmark indices closed higher on Friday, led by IT and energy stocks, while investors gear up for Monday’s trading session, focusing on Tata Steel, Reliance, and Mahindra Holidays.
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On Friday, March 20, India’s benchmark indices, the Nifty 50 and the Sensex, ended in positive terrain, surging over 0.5 per cent. The rally was led by a rebound in information technology stocks and broader Asian gains as oil prices eased, following assurances from leading European nations and Japan to secure safe passage for ships through the Strait of Hormuz.
The Nifty 50 opened with a gap-up and surged to a day high of 23,345. However, after midday trade, the index declined by 230 points from the day’s high, forming a doji candlestick pattern. By the close, the Nifty 50 ended up 112.35 points, or 0.49 per cent, at 23,114.50. On a weekly basis, the index recorded a marginal loss of 0.16 per cent.
The Sensex advanced by 325.72 points, or 0.44 per cent, to 74,532.96 on Friday, while posting a minor weekly decline of 0.05 per cent.
As the market opens on Monday, March 23, investors will be closely watching stocks that showed strong momentum last week and those impacted by recent corporate announcements.
Key shares in focus will include:
Tata Steel has introduced its scrap-based Electric Arc Furnace (EAF) facility at Hi-Tech Valley, Ludhiana. Built with an investment of around Rs 3,200 crore, the Ludhiana EAF has a capacity of 0.75 million tonnes per annum. Designed to achieve CO2 emissions less than 0.3 tonnes per tonne of steel, the plant represents a significant step in Tata Steel’s commitment to achieve Net Zero emissions by 2045.
Designed to support low-carbon steelmaking, the plant will use nearly 50 per cent renewable energy. The state-of-the-art facility will use 100 per cent steel scrap as raw material, sourcing around 40 per cent scrap from the company’s steel recycling plant in Rohtak, Haryana. The plant would produce Construction-grade steel rebar under the company’s flagship retail brand ‘Tata Tiscon’, which would enable Tata Steel to further augment its market presence in the construction segment.
With this, Tata Steel shares closed at Rs 196.77, up Rs 6.26 or 3.29 per cent.
Reliance Industries’ (RIL) telecom arm - Reliance Jio Infocomm (Jio) has added 24.37 lakh customers in January 2026. Following this, the company’s total customer base has increased to 49.14 crore with a market share of 39.29 per cent in terms of wireless subscribers as on January 31, 2026.
RIL shares ended the day at Rs 1,414.40, rising Rs 29.60 or 2.14 per cent.
3. Mahindra Holidays & Resorts India Ltd
Mahindra Holidays & Resorts India (MHRIL) has launched two new resorts in Club Mahindra Amba Ghat, Maharashtra and Club Mahindra Bandhavgarh, Madhya Pradesh, adding 159 keys to its growing portfolio, thus strengthening its presence across Western and Central India. The Amba Ghat resort, comprising 96 keys, will feature river-facing apartments with the Kadvi River flowing through the property, offering guests a tranquil retreat amid the lush Sahyadri landscape. The Bandhavgarh resort, with 63 keys, will offer an immersive wilderness stay experience with expansive verandas, outdoor decks, and uninterrupted forest views, designed to bring guests closer to the surrounding natural environment.
MHRIL shares closed at Rs 256.75, down Rs 1.85 or 0.72 per cent. The stock faced mild selling pressure despite overall market recovery.
Disclaimer: The article is for informational purposes only and not investment advice.