Nifty Media index gain led by TV18 Broadcast, Hathway

TV18 Broadcast and Hathway are trading 4% higher while Jagran gained 3% and ZEEL above 1%.

Oct 22, 2020 12:10 IST India Infoline News Service

The Nifty Media Index extends its gains on Thursday to trade higher. The media stocks are doing well despite the market being in a bearish mode.

The media index is currently trading at 1,454.45, up 9.60 or 0.66% after opening at 1,442.65 and touching a high of 1,460.30 and close of 1,438 levels.

TV18 Broadcast and Hathway are trading 4% higher while Jagran gained 3% and ZEEL above 1%. Also, DB Corp and Sun TV also trading higher on the media index.

PVR which opened its cinema halls recently along with Inox Leisure is struggling the most. PVR slipped 2% while Inox Leisure down by 1.23%.

Meanwhile, the indices are bearish with BSE Sensex trading at 40,493.79 down 213.52 points or 0.52% and Nifty50 at 11,872.50 down 65.15 points or 0.55%.

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