Nifty Media defies bearish markets trend, index tops 2%; PVR, Inox Leisure and Jagran shine

PVR was 4% higher while Inox Leisure and Jagran gained ~3.5% each. ZEEL and Dish TV walso gained over 2.6%.

Mar 04, 2021 01:03 IST India Infoline News Service

Nifty media index escaped bearish markets trend on Thursday and emerged as the top gainers on benchmarks. The Index continued winning streak to gain over 2%. PVRInox Leisure and Jagran surged over 3% while TV18 Broadcast shed 2% to drag the sector.

At around 1.50 pm, Nifty Media was trading at 1,754.50 up 34.75 points or 2.02%, touching a high of 1,769.30 during intraday trade on Thursday. 

PVR was trading at Rs1,473.55 per piece up Rs55.90 or 3.94%, hitting a day's high of Rs1,501.95 per piece early on.

Inox Leisure surged 3.54% at Rs333.35 per piece while Jagran gained 3.36% at Rs56.90 per piece. Sun TV also gained 1.36%. 

Zeel also advanced 2.64% while Dish TV gained 2.62%. DB Corp and Hathway also traded in the green. 

TV18 Broadcast was struggling at Rs31.90 per piece, down 2.15%. TV Today was trading flat as the Nifty Media sector had 8 advances and 2 declines on Thursday.

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