Nifty Media index perform higher led by huge buying in Inox Leisure, Sun TV, PVR stocks; Jagran in sell-off

Inox Leisure, Sun TV, ZEEL and PVR ensured the Media sector remained bullish despite volatility.

Mar 02, 2021 03:03 IST India Infoline News Service

Stock market report with bull and bear
Nifty Media stocks were gaining steam towards end of Tuesday’s trade, tracking overall bullish market. However,  a steep fall in Jagran’s stock dragged the sector but Inox Leisure, Sun TV, ZEEL and PVR ensured the sector remained bullish despite volatility. 

At around 3.24 pm, Nifty Media traded at 1,705.75 up 10.55 points or 0.62% touching a high of 1,713.35 and low of 1,685.80 during intraday trade on Tuesday.

Inox Leisure led the gains while ZEEL and PVR were also in the fast lane. Jagran dragged the sector.

Inox Leisure surged 2.38% at Rs316.00 per piece. Sun TV gained 1.59% while PVR surged 1.47% at Rs1,389.95 per piece.

PVR announced the opening of three new screens in Kanpur, Uttar Pradesh, upgrading the citys iconic Deep Cinemas into a PVR property.

ZEEL gained 1.34% at Rs219.75 per piece. DB Corp was also trading higher. 

Jagran suffered massive sell-off towards the end of trade on Tuesday , it was gaining over 2% to lead the trade with Inox but in the last half hour it suddenly sank over 8% at Rs56.20 per piece to drag the sector.

TV18 Broadcast lost ~1% while TV Today and Hathway also traded in the red. Dish TV traded flat.

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