The Nifty Media index was trading 1% higher buying seen in Zee Entertainment
, INOX Leisure
, Sun TV
, and TV Today
Shares of Zee, INOX Leisure, PVR, and Sun TV, which gained 2% each, were leading the index’s gain. Shares of TV Today also gained 1%.
However, selling pressure in shares of Eros Media
, Jagran Prakashan
, Dish TV,
and TV18 Broadcast
capped the rally.
Shares of Eros Media slipped 5%, while those of Jagran, Dish TV, and TV18 Broadcast dropped 2% each.
Meanwhile, equity benchmark indices were trading in the green on Tuesday with the Sensex rising 191 points at 39,149 levels. The Nifty also gained 46 points at 11,717 levels, well above its key level of 11,700.