Share market update: Media shares decline; ZEEL plunges 7%
NEW DELHI: Media shares were trading with losses in Friday's afternoon session.
Shares of Zee Entertainment Enterprises (down 6.98 per cent), Dish TV India (down 6.73 per cent), Eros International Media (down 4.91 per cent) and Network 18 Media & Investments (down 3.97 per cent) were trading with losses.
TV Today Network (down 1.71 per cent), Jagran Prakashan (down 1.27 per cent), Sun TV Network (down 1.08 per cent) and Den Networks (down 0.88 per cent) too were trading in the red.
The Nifty Media index was trading 2.87 per cent down at 2072.70 around 12:44 pm.
Benchmark NSE Nifty50 index was down 57.45 points at 11,856.60 while the BSE Sensex was down 161.34 points at 39,580.02.
Among the 50 stocks in the Nifty index, 13 were trading in the green, while 37 were in the red.
Shares of YES Bank, GRUH Finance, Indiabulls Housing Finance, BHEL, Dish TVRead More – Source