Shares of Zee Entertainment Enterprises
ended ~30% lower on Friday on the NSE.
The stock dragged the Nifty Media index by 16%. Several stocks in the Nifty Media index hit their 52-week low.
Shares of Dish TV
also contributed to the fall, declining 37%. Shares of Zee Media
and TV Today
dropped 11% and 5%, respectively.
Meanwhile, equity benchmark indices ended the day in red on Friday with the Sensex at 36,025. The Nifty also fell 69 points at 10,780, below its key level of 10,800.