Nifty Media index drops 3% led by Dish TV, Zee Entertainment Enterprises, Eros Media

Shares of Dish TV and Zee Entertainment Enterprises, which slumped 8% and 5% respectively, were leading the index’s fall.

Jan 25, 2019 06:01 IST India Infoline News Service

The Nifty Media index dropped 3% on Friday on selling pressure on Dish TV, Zee Entertainment Enterprises, Eros International Media, and Jagran Prakashan.

Shares of Dish TV and Zee Entertainment Enterprises, which slumped 8% and 5% respectively, were leading the index’s fall. Shares of Eros International Media, UFO, and Jagran Prakashan also contributed to index’s fall, slipping 2% each. Shares of PVR and TV Today Network also dropped ~1% each.

Meanwhile, equity benchmark indices were trading in the green on Friday with the Sensex trading 190 points higher at 36,388 levels. Nifty also rose 47 points to trade at 10,896, slightly below its key level of 10,900.

Besides, on the currency front, the Indian rupee breached its key level of 71/$ and appreciated 12 paise to trade at 70.95 against the dollar. The currency opened 4 paise higher at 71.03/$ compared to its previous close of 71.07/$.

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