On the flip side, DB Corp, Jump Network, Saregama and PVR among top losers on the Media index.
Shares of Zee Entertainment Enterprises surged 8% after foreign portfolio investors (FPIs) bought less than 1% stake in the broadcasting & cable TV operators via open market on Wednesday. Florida Retirement System (FRS) acquired 5.11mn equity shares, representing 0.53% of the total paid-up equity of the ZEE, on the NSE via bulk deals, the exchange data shows.
Meanwhile, equity market was up with healthy gains on hopes of a government stimulus, while positive global cues underpinned the sentiment.
The BSE Sensex was 376 points up at 31,737, while Nifty was also up 113 at 9,300. BSE Midcap and Smallcap indices were outperforming the benchmarks as they were 2.20% each.
The focus will be on the EU meeting today to discuss stimulus measures to fight Coronavirus. If an agreement is reached in the same it would give the Euro some boost. Bond yields of countries like Italy which have been worst affected by the Virus are trading at one month highs ahead of the meeting.