Stock market update: Media shares tumble; Zee Media dips 4%

INSUBCONTINENT EXCLUSIVE:
NEW DELHI: Shares of media firms were trading with losses in Wednesday's morning session. Shares of Zee Media Corporation (down 3.77 per
cent), Saregama India (down 2.92 per cent), Hathway Cable - Datacom (down 2.58 per cent), Jagran Prakashan (down 1.64 per cent) and Network
18 Fincap (down 1.55 per cent) were among the top losers in the index. Zee Entertainment (down 1.47 per cent), Dish TV India (down 1.45 per
cent) and TV Today Network (down 1.18 per cent) too were in the red. While Inox Leisure (up 1.23 per cent) and Music Broadcast (up 0.19 per
cent) were the only gainers
The Nifty Media index was trading 0.89 per cent down at 1,801.05 around 11:42 am
Benchmark NSE Nifty50 index was down 82.20 points at 11,715.7, while the BSE Sensex was 263.45 points at 40,017.75
Among the 50 stocks in the Nifty index, 10 were trading in the green, while 40 were in the red
Shares of Vodafone Idea, YES Bank, Tata Motors, Ashok Leyland, SBI, Indiabulls Housing, JSPL, GMR Infra, Tata Power and SAIL were among the
most traded shares on the NSE