Shares in the Media companies were moving upward direction during the mid-session, in an otherwise weak market. At 12.40-pm, the Nifty media index rose 1.80 percent with the majority of constituents witnessed buying.
Shares of TV18 Broadcast Limited showed a gain of 4.28 percent, Dish TV India surged near 4 percent and TV18 Broadcast added 3.6 percent, as the top sectoral gainers in the Media index.
Further, INOX Leisure, PVR, Zee Entertainment, Sun-TV-Network, Zee Media Corporation, and DB Corp surged between 0.85 and 4.40 percent each.
On the other hand, shares in Saregama India, TV Today Network, Jagran Prakashan, Balaji Telefilms, and Jump Networks were trading lower in the Media Index. To avail updated Stock Tips and the best intraday Nifty tips visit our website.
Meanwhile, about 30 stocks hit their one-year-high levels on the NSE, which include APL Apollo Tubes, AGC Networks, Force Motors, INOX Leisure, Multi Commodity Exchange of India (MCX) and Rallies India Ltd.
Meantime, during the mid-noon session, the Sensex stood at 41395, down by 133 points and the Nifty tested at 12186-level, down by 37 points in trade.