Maruti Suzuki approves ₹10,189 crore Gujarat capacity expansion by 2029; Nifty Media emerges top gainer today – Paper by Pocketful
Market Recap: 24th March, 2026
Stock News Highlights
Maruti Suzuki (+0.88%): Stock rose after the company approved a ₹10,189 crore investment to add 2.5 lakh units capacity at its Gujarat facility by 2029, supporting its long-term growth amid strong demand.
TVS Motor Company (+1.97%): Stock rose after the company declared an interim dividend of ₹12 per share for FY26, with March 31 set as the record date; total payout stands at ₹570 crore, reflecting strong shareholder returns.
GR Infraprojects (-2.66%): Stock declined despite the company securing a ₹2,440.87 crore order from NHAI for construction of a greenfield stretch of NH-33 in Bihar, boosting its order book visibility.
Indian Railway Finance Corporation (+3.82%): Stock rose after the company signed a ₹12,842 crore rupee term loan agreement with Hindustan Urvarak and Rasayan (HURL) for refinancing its existing long-term debt.
Sectoral Performance
Media | Nifty Media (+3.45%): Sector rose after three consecutive sessions of decline, supported by buying interest in select stocks and improved market sentiment, led by 9 gainers and 1 loser.
Private Bank | Nifty Private Bank (+2.94%): Sector rose for the second consecutive session, supported by sustained buying in heavyweight banks and improved investor sentiment.
Auto | Nifty Auto (+2.43%): Sector advances sharply driven by broad-based buying after easing geopolitical tensions led to a decline in crude oil prices, improving cost outlook, margins, and demand sentiment, led by M&M, Eicher Motors, and Hero MotoCorp.
Defence | Nifty Defence (+2.17%): Sector rose amid heightened focus on geopolitical developments as the government reviewed preparedness during the ongoing West Asia conflict, supporting defence sentiment, with 16 gainers and 2 draggers.
Market Insights
Technical Level: Nifty opened with a gap-up, moved lower in the morning session, found support at 22,620, and rebounded in the second half to face resistance at 23,060.
Advance-Decline Ratio: Market breadth remained strongly positive with advances at 2,480 and declines at 805, indicating broad-based buying across the market.
The Big Picture: Donald Trump spoke with Narendra Modi, emphasizing keeping the Strait of Hormuz open amid rising Middle East tensions. The US claimed productive Iran talks and paused strikes on energy sites, but Iran denied negotiations. Reports suggest outreach to Mohammad Bagher Ghalibaf as a possible negotiator.
FII/DII Activity (Mar 24, 2026): DII bought 5,867 while FII sold 8,009, indicating domestic support offset by continued foreign selling pressure.
Watch Out For Tomorrow
IPO Corner: Amir Chand Jagdish Kumar IPO has opened today, offering investors an opportunity to subscribe as the bidding window begins.
Macro: UK & Australia Inflation YoY (Feb) data due tomorrow, may impact global market sentiment.
Index Watch: Nifty opened on a positive note today and managed to close above the previous day’s candle, indicating improving sentiment in the market. The shift comes after Donald Trump paused escalation with Iran and signaled willingness to initiate talks, easing global tensions. This development has supported a short-term recovery, but the broader trend still requires confirmation. Traders should stay cautious, with immediate support near 22,200 and resistance around 23,000, suggesting potential volatility ahead.
5-Day Course
Theme: How to Invest in a Falling Market
Day 2 – Why SIP is Powerful in Falling Markets
Systematic Investment Plan (SIP) becomes more effective during market declines because it follows rupee cost averaging. When markets fall, you buy more units; when markets rise, you buy fewer units.
This helps reduce the average cost over time and improves long-term returns without needing to time the market.
Example:
Month 1: ₹10,000 at NAV ₹100 → 100 units
Month 2: ₹10,000 at NAV ₹80 → 125 units
Total units increase while cost averages down
Key Takeaway:
SIP works best in volatile markets
No need to time entry
Consistency beats prediction
Word of the day
Liquidity: Liquidity refers to how easily an asset can be converted into cash without affecting its price. Higher liquidity means smoother buying and selling in the market.