Stock Market Live March 24: Stock to buy today: Premier Energies (₹868.15)

Emkay Global sees crude shock resetting India’s macro outlook

Emkay Global

Elevated risks of wider energy supply disruptions from a prolonged Iran conflict prompt a reset of India’s macro realities. We shift our baseline FY27E forecast around a more realistic, yet manageable, Brent average of USD80/bbl, with higher pressure in 1Q. Accordingly, we trim FY27E GDP growth by 0.4pp to 6.6% and raise inflation and CAD/GDP to 4.3% and 1.7%, respectively. A more adverse terms-of-trade shock, with Brent above USD100/bbl, could push CAD/GDP beyond 2.5% and drive a BoP deficit of ~USD85bn. The eventual growth, inflation, and fiscal hit will largely hinge on how a sustained crude shock is distributed between OMCs, the government, and end consumers. With OMC under-recoveries (GRM-adjusted) already exceeding ~Rs3trn at current prices, the burden is likely to fall disproportionately on the government, implying a minimum fiscal cost of ~0.5% of GDP. The RBI is likely to allow calibrated INR depreciation while keeping a check on rates through market interventions. The trade-offs are not easy, nonetheless. USD/INR is set to reach 96, while the 10Y yield could drift higher and touch 6.95%.

Fund Flow Activity: 23 March 2026

(Rs. In Crs.)

Turnover : (NSE + BSE)

Cash Volume: 130437.72 + 10048.38 Total: 140486.1

F&O Volume: 270215.95 + 2507615.54 Total: 2777831.49

Provisional Cash: Rs in Cr: Only NSE

FII/FPI: NET SELL: -9,665.00

(9,957.84 – 19,622.84)

DII: NET BUY: +11,353.60

(24,630.03 – 13,276.43)

Nifty PE approaches pandemic lows as it hits 19.7.

Nifty PE touches 19.7!!

Covid Low PE was 18.6!!

JPMorgan on Gold

“This is an extremely brutal flush. But from our perspective, what it’s telling us is more about gold getting caught up in a contagion risk of a sell everything trade.”

“The longer the energy disruption goes on and the more sizeable the inflationary and, importantly, growth impacts become, we still think the backdrop for gold will likely quickly flip materially bullish,”

Vedanta approved 3rd dividend on Monday

Board Approves 3rd Interim Dividend Of `11/Share

Approves Interim Dividend Amounting To `4,300 Cr

Sets March 28 As Record Date For Interim Dividend

Six passive equity funds to buy the dip

Six Passive Equity Funds to Buy the Dip

Discover six passive equity funds ideal for investors looking to buy the dip during volatile market conditions.

Trading Guide for March 24, 2026: Intraday supports, resistances for Nifty50 stocks

Day Trading Guide for March 24, 2026: Intraday supports, resistances for Nifty50 stocks

Day Trading Guide gives you the key intraday supports and resistances to watch out for on the Nifty Futures and other widely traded stocks such as Reliance Industries, Infosys, HDFC Bank, TCS, SBI

Stock to buy today: Premier Energies (₹868.15) – BUY

Stock to buy today: Premier Energies (₹868.15) – BUY

Traders can buy Premier Energies shares now at ₹868. Accumulate on dips at ₹830. Keep the stop-loss at ₹785. Trail the stop-loss up to ₹890 as soon as the stock goes up to ₹915