Majority of Media shares were trading in the negative territory in Friday’s mid-morning session. Nifty Media index were trading lower by over 2.31% at 2,084-level, among the Nifty sectoral losers.
Shares of Zee Entertainment Enterprise (Zeel) were down 5%, Eros International Media down 4.91% and Network18Media & Investments slip 4.80%, which were the top losers in the Nifty media index.
Dish-TV down by 3.78%, TV18 Broadcast down by 2.02%, TV-Today Network down by 1.59% , also followed the losses.
NSE’s Nifty50 index was down 63.15 points at 11,850.90 whereas the BSE benchmark Sensex was 180.71 points at 39560.90 at around 11.20am.
In other indices, Nifty Realty index down by 1.93% and Nifty Pharma Index lower by 2.30%. The Nifty metal index was only the single index which was marginally higher by 0.07% with major gains in NMDC, Vedanta, Tata Steel, WelsumCorp and Coal India.