Nifty Media index climbs 4% led by Zee Ent, Sun TV, INOX Leisure

Shares of Sun TV and Zee Entertainment, which rose 5% each, were leading the index’s gain.

Feb 14, 2019 09:02 IST India Infoline News Service

IT Stocks Up
The Nifty Media index climbed 4% on Thursday amid heavy buying in Zee Entertainment, Sun TV, INOX Leisure, and TV18 Broadcast.

Shares of Sun TV and Zee Entertainment, which gained 5% each, were leading the index’s gain. Shares of INOX Leisure and TV18 Broadcast also contributed to the gain, rising 3% each. Shares of Dish TV, Eros Media rose 2% each, while those of UFO Moviez and DB Corp gained 1% each.

However, shares of Zee Media, Hathway Cable, which dropped 4% and 3%, respectively, capped the index’s gain.

Meanwhile, equity benchmark indices were trading in the red on Thursday with the Sensex declining 140 points at 35,893 levels. Nifty also declined 36 points at 10,783 levels.

Besides, on the current front, the Indian rupee depreciated 25 paise to trade at 71.05 against the dollar compared to its previous close of 70.80/$.

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