Stock market update: Nifty Media index climbs nearly 2%; Dish TV leaps over 7%

NEW DELHI: Nifty Media index was trading with gains at 11:58AM (IST) on Wednesday.

Shares of Dish TV India (up 7.54 per cent), Zee Entertainment (up 4.1 per cent), Jagran Prakashan (up 1.58 per cent), TV Today Network (up 0.89 per cent) and PVR (up 0.74 per cent) were among the top gainers.

While Network 18 Fincap (down 1.0 per cent), Hathway Cable & Datacom (down 0.98 per cent), TV18 Broadcast (down 0.15 per cent), Sun TV Network (down 0.13 per cent) and Navneet Education Ltd (down 0.06 per cent) were the top losers in the index.

The Nifty Media index was trading 1.69 per cent up at 1618.6 around 11:58AM.

Benchmark NSE Nifty50 index was up 6.20 points at 11478.45, while the BSE Sensex was down 25.43 points at 38818.45.

Among the 50 stocks in the Nifty index, 28 were trading in the green, while 22 were in the red.

Shares of Tata Motors, YES Bank, Vodafone Idea, Tata Power and Indiabulls Housing Finance were among the most traded shares on the NSE.

Shares of Indiabulls Ventures (PP), Affle (India) Ltd., Ruchi Soya Inds, Hero MotoCorp and Bajaj Elec. hit their fresh 52 week high in today’s trade.