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Periodic Report
Chola Finance Hits Record High; Interarch Building Rises After New Plant; PVR Inox Gains on Box Office Success.
Chola Finance Hits Record High; Interarch Building Rises After New Plant; PVR Inox Gains on Box Office Success.
Written by - Fisdom Research
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September 5, 2024
2 minutes
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Market Snapshot
Indian markets fell slightly on September 5, reflecting global uncertainty over the US economy and potential Fed rate cuts.
Nifty Media led sectoral gainers with a 0.8% rise, followed by Consumer Durables and IT.
Nifty Realty dropped 1%, while Auto and Oil & Gas fell by 0.4% each.
Sectoral Trends
Sector Name
% Change
Sector Name
% Change
NIFTY MIDSMALL HEALTHCARE
1.1
NIFTY PSU BANK
0.3
NIFTY MEDIA
0.8
NIFTY METAL
0.3
NIFTY CONSUMER DURABLES
0.7
NIFTY BANK
0.1
NIFTY IT
0.5
NIFTY FINANCIAL SERVICES
0.1
Technical Outlook: Key Indices
Indices Name
Support
Resistance
Nifty
25,100–25,000
25,250
Bank Nifty
51,300
51,500
Top News
Chola Finance surged over 5% to reach a record high of ₹1,797 on September 5 after Goldman Sachs issued a ‘buy’ call, citing strong earnings growth potential. The stock exceeded its target price of ₹1,786.
Interarch Building shares jumped over 7% on September 5 after opening a new ₹95 crore manufacturing plant in Andhra Pradesh, its fifth facility.
PVR Inox jumped nearly 4% on September 5, marking its third consecutive gain, driven by strong box office collections from recent movie releases.
Tirupati Balajee Agro Trading IPO fully subscribed on the first day of bidding.
Bajaj Housing Finance announces Rs 66-70 price band for Rs 6,560 crore IPO
Top Gainers and Losers
Trade Ideas Updates
Among several trade ideas, a few have delivered over 3% gains in the past two days, despite Nifty closing either negative or nearly flat.
Focus Smallcase Updates
The Prime Five smallcase has delivered over 15% in just three months since its launch, significantly outperforming the benchmark index, which has returned approximately 7% during the same period.
