Market front-line indices moved between gains and losses in the opening trade. At 9:50-hrs, the BSE Sensex, was UP 26-points at 40,677-level, while the broader Nifty50 index stood at 12000-level, up 2.75 points.
Six out of 11 sectoral indices represented by the Nifty traded higher, led by the NSE Nifty Media Index’s 3% percent rise, followed by Nifty PSU Bank and IT, which rose 0.92 and 0.40% respectively.
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On the other hand, the Nifty Financial Service, Metal, Private Bank and Realty traded in the red.
Zee Entertainment, L&T, HCL Technologies, Adani Ports and IndusInd Bank were among major gainers in the Nifty pack of stocks, while Bharti Infratel, Bharat Petroleum Corp, Bharti Airtel, Grasim Industries and Britannia Industries led the losses.
Shares of Zee Entertainment surged 9.25% at Rs.335.40-per share after about 15-Crore equity shares of the company has reportedly changed hands in large trades on the NSE at Rs304-per share.
The Nifty Media index advanced 2.21% led by Zeel, RadioCity, Zee media and TV Today.
Meanwhile, the Indian rupee opened unchanged at 71.82/USD with regard to the last day’s close of 71.81/US dollar.
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In the commodity space, crude oil prices slipped with Brent Crude falling 0.29-pc at 62.27 whereas WTI crude was up 0.12% at USD56.94.