Share market update: Media shares decline; Dish TV plunges 18%

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NEW DELHI: Media shares were trading in the negative zone in Friday’s afternoon session.

Shares of Dish TV India (down 18.31 per cent) , Zee Media Corporation Ltd (down 4.76 per cent) , Hathway Cable & Datacom (down 4.44 per cent) , Zee Entertainment (down 4.3 per cent) and Network 18 Fincap (down 3.82 per cent) were trading with losses.

TV18 Broadcast (down 2.2 per cent) , Inox Leisure (down 1.84 per cent) , TV Today Network (down 1.77 per cent) , Sun TV Network (down 1.37 per cent) , PVR (down 1.31 per cent) , DB Corp (down 1.2 per cent) , Music Broadcast (down 0.7 per cent) and Jagran Prakashan (down 0.57 per cent) too were the top losers in the index.

The Nifty Media index was trading 3.21 per cent down at 1791.25 around 11:51 am.

Benchmark NSE Nifty50 index was down 50.75 points at 11,967.65 , while the BSE Sensex was down 170.12 points at 40,609.47.

Among the 50 stocks in the Nifty index, 11 were trading in the green, while 39 were in the red.

Shares of Vodafone Idea, YES Bank, JSPL, SBI, Bank of Baroda, ZEEL, Bharti Infratel, SAIL and Tata Motors were among the most traded shares on the NSE.

[“source=economictimes”]