Share market update: Media shares decline; Dish TV tanks 7%
NEW DELHI: Media shares were trading in the negative zone in Friday’s afternoon session.
Shares of Dish TV India (down 7.03 per cent), Den NetworksNSE -7.58 % (down 6.21 per cent), DB CorpNSE -5.87 % (down 5.30 per cent) and Jagran Prakashan (down 3.76 per cent) were the worst performers in the index.
Zee Media Corporation (down 2.51 per cent), Navneet Education (down 2.32 per cent), Eros International Media (down 2.01 per cent) and Hathway Cable & Datacom (down 1.88 per cent) too were trading in the red.
The Nifty Media index was trading 1.33 per cent down at 2044.55 around 12:22 pm.
Benchmark NSE Nifty50 index was down 123 points at 11,473.90 while the BSE Sensex was down 385.90 points at 38,511.56.
Among the 50 stocks in the Nifty index, 8 were trading in the green, while 42 were in the red.
Shares of YES Bank, Vodafone Idea, Dish TV India, NTPC, SBI, Ashok Leyland, ONGC, Bank of Baroda, Coal India and BEL were among the most traded shares on the NSE.