The Nifty Media index is witnessing selling pressure in today's trade. The index is trading lower at 1,820.85 levels, down 3% or 58 points.
is among top laggards in the media index, followed by Dish TV
, Zee Ltd
, Dish TV
Shares of Sun TV slumped 9% on the NSE after Q2FY20 results. For the quarter ended September 30, 2019, Sun TV reported flattish growth in PAT, up 1% yoy at Rs368.79cr. The company's revenue for the quarter at Rs900.74cr was up 6.79%.
Shares of Dish TV tanked 6%, Zee fell 3% while, PVR, TV18 and TV Today
slipped 2% each. On the other hand, Zee Media, Saregama, Balal Telefilms and Hathway were up in today’s trade.
Meanwhile, shares of Adani Green
, Agro Phos India, Amrutanjan Health CareNSE, AU Small Finance Bank, DLF, HDFC Asset Management, Jash Engineering and Ponni Sugars hit a 52-week high on the NSE.
The Sensex is trading flat at 40,348 and the Nifty was down 4 points at 11,909. Further, the government will release data on consumer price inflation at 5:30 pm.