Nifty Media index advances 1%; Inox Leisure surges 6%; PVR, TV Today led the pack

Network18 was also in the green trading at Rs50.15 per piece, up 0.91%.

Jul 27, 2021 11:07 IST India Infoline News Service

On Tuesday trading session, Nifty Media took the bull ride with heavyweights PVR and Inox Leisure lifting the sectoral performance. The Index surged over 1% amid positive markets. Majority of the stocks were on fast lane to lead the index among top gainers.

At around 11:10, Nifty media was trading at 1777.70 up 18.15 points or 1.03%. The index has touched an intraday high of 1795.50 and an intraday low of 1765.40 during early trading hours on Tuesday.

Inox Leisure led the charge by surging over 6% at Rs321.25 per piece. DB Corp also advanced over 3% at Rs97.30 per piece. DB Corp's stock in focus as IT Department raid various offices of the company on July 23.

According to the reports, tax evasion on more than Rs700cr is found in the raid.

Heavyweight PVR was 1.6% upside at Rs1351.80 per piece.

TV18 Broadcast and Dish TV spurted 1.4% each to lift the performance.

Network18 was also bullish at Rs50.15 per piece, up 0.91%. TV Today and Jagran also add marginal gains to suppot the sector.

On the downside, ZEEL and SunTV dragged the sector dropped by 0.27% each to drag the sector.

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