Sensex, Nifty trade Higher, Media stocks Witness Buying

Key bench indices of the market are trading with moderate gains in morning session on Tuesday. At 9.55am, the BSE Sensex, was up 100 points at 38,996-level and the Nifty50 index of the NSE was up 27points at 11,615-level.

The Indian currency opened slightly lower at 68.56 V/s the US dollar.

ONGC, NTPC, Tata Motors, Vedanta and Tata Steel were among major Nifty gainers at this point, while TCS, Wipro, M&M, BajajAuto and HCL Tech led the losses.

On the sectoral gauges, IT, Auto and Pharma are trading lower on the NSE, while buying emerged in the Nifty bankings, financial, FMCG, Media and realty space.

Nifty Media index rises 1.16% at 2,080.25 with major gains in TV18 Broadcast (up 3.19%), Dish TV (up 2.89%) and Zeel (up 1.82%), among many.

Shares of HDFC Asset management Company gained 0.61% at Rs.1946.60 ahead of its Q1 results release today.

Among key stocks, HDFC rises 0.51% at Rs2406.85 per share, ONGC trade higher 2.06% at Rs.153.80 and Infosys trade higher by 0.33% at Rs781.95 per share.

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