The Nifty Media index gained 3% in Thursday’s afternoon trade amid heavy buying seen in Zee Entertainment
, Dish TV
, Zee Media
, TV Toda
y, and Sun TV
Shares of Zee Entertainment Enterprises, which gained 6%, were leading the index’s gain. Shares of Dish TV, Zee Media, and Hathway also contributed to the index’s gain, rising 5%, 4%, and 3%, respectively.
Shares of TV Today and Sun TV rose 2% each, while those of Den Network
gained 1% each.
However, the gain was capped by selling pressure seen in Eros Media
, which declined 2%.
Meanwhile, equity benchmark indices extended its morning losses and traded in the red. The Sensex dropped 111 points at 37,671 levels and the Nifty declined 30 points at 11,329 levels.