Domestic stocks were bearish in Thursday’s trade as a surge in global crude oil prices and prospects of the US Fed raising interest rate by 50 basis points in May policy meet added to the already fragile investor sentiment that is dented by the ongoing Russia-Ukraine war.
Ata round 1.15 pm, BSE Sensex was trading at 57,392.30 down 292.52 points or 0.51% and Nifty50 at 17,164.30 down 81.35 points or 0.47%. Nifty Media was trading at 2,333.60 up 141.35 points or 6.45%, hitting a high of 2,343.00 and low of 2,248.35 during intraday trade on Thursday.
TV19 Broadcast surged 7.4% while its parent company Netwowk18 also rose 5% to push further the gains of the Index. Dish TV was also nearly 7% higher.
Nazara Tech shed around 3% to drag the most while Inox Leisure was also 1% down. The Index had 8 advances and 2 declines.
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