Nifty Media gains 3% led by Zee Ent, Dish TV, Zee Media, Hathway

Shares of Zee Entertainment Enterprises, which gained 6%, were leading the index’s gain.

May 09, 2019 08:05 IST India Infoline News Service

IT Stocks Up
The Nifty Media index gained 3% in Thursday’s afternoon trade amid heavy buying seen in Zee Entertainment, Dish TV, Zee Media, Hathway, TV Today, 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 and PVR 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. 

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