It led the trade at one point in time with metal stocks gaining nearly 2%, however, the index went out of favour in the afternoon. At around 2.50 pm, Nifty Media was trading near day’s low at 1,791.35 up 0.30 points or 0.02%.
TV Today stock crashed ~12% at Rs312.95 per piece to emerge the biggest laggard. TV18 Broadcast also shed nearly 3% at Rs42.40 per piece to underperform. DB Corp (down 2.20%) and Inox Leisure (down 1.08%) were also under pressure.
Dish TV led the gains at Rs15.90 per piece, up 2.25%. Sun TV and ZEEL also lifted performance with gains of 1.68% and 1.41% respectively.
PVR gained nearly 0.68% while Netwrok 18 and Jagran Prakashan were also trading in the green.