Stocks In Focus On March 24 As Global Cues Help Indian Markets

Indian markets are likely to begin with a gap-up opening on March 24, aided by strong global market trends and declining crude oil prices, with various prominent stocks likely to be in focus during the day.

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As of 7:24 AM, GIFT Nifty futures traded with a gain of 323 points at 22,833.. Global markets closed higher overnight, with the Dow Jones rising 1.38%, the S&P 500 gaining 1.15%, and the Nasdaq advancing 1.38%. Markets across Asia-Pacific also traded higher, with Japan’s Nikkei up 1.15%, Hong Kong’s Hang Seng gaining 1.55%, and South Korea’s Kospi rising 0.76%.

Oil-Linked Stocks In Focus

Oil-sensitive sectors, including aviation, tyre manufacturers, and oil marketing companies, are expected to see activity after Brent crude futures rose 3% to $102.93 per barrel. The movement follows conflicting signals on U.S.-Iran discussions regarding the West Asia situation, as reported by Reuters.

Banking And Financial Stocks

HDFC Bank has engaged external legal firms to review the resignation letter of its former part-time chairman Atanu Chakraborty, who stepped down citing differences related to governance matters.

Coal India has granted an in-principle approval for the listing of its subsidiary South Eastern Coalfields Ltd through an IPO route. The proposed issue includes an offer for sale of up to 25% equity and a fresh issue of up to 10% equity shares.

ICICI Bank is focusing on strengthening its liabilities franchise, with plans to utilise wholesale funding instruments such as certificates of deposit, according to Motilal Oswal.

IT And Corporate Developments

Wipro has expanded its operations in South Korea by opening a larger office in Seoul and launching an Innovation Lab. Persistent Systems has appointed Ruchi Kulhari as executive vice president for enterprise strategy and execution.

Infrastructure And Industrial Updates

G R Infraprojects has received a Letter of Award from the National Highways Authority of India for a ₹2,440.87 crore highway project in Bihar. The project includes the construction of a four-lane greenfield stretch of NH-33 from Mokama to Munger and is to be completed within 910 days.

Indian Railway Finance Corporation has entered into a term loan agreement of up to ₹12,842 crore with HURL for the refinancing of existing long-term debt.

Other Key Developments

InterGlobe Aviation has appointed Aloke Singh as the company's chief strategy officer with effect from April 6, 2026.Hindustan Foods has acquired a manufacturing facility in Maharashtra for ₹19.9 crore.

Hindustan Zinc has partnered with Tata Steel to expand the use of low-carbon zinc in steel production. Bosch has formed a joint venture with Tata AutoComp Systems to explore opportunities in electric mobility.

With global markets trading firm and multiple stock-specific developments in play, domestic equities are expected to see broad-based participation at the start of the trading session.