Share market update: Media shares advance; Network 18 climbs over 4%

NEW DELHI: Most Media shares were trading higher in Wednesday's afternoon session.

Shares of Network 18 Media & Investments (up 4.48 per cent), TV18 Broadcast (up 3.76 per cent), TV Today Network (up 3.37 per cent) and Hathway Cable & Datacom (up 1.89 per cent) were the top performers in the index.

Zee Media Corporation (up 1.63 per cent), Den Networks (up 1.55 per cent), Jagran Prakashan (up 0.85 per cent) and PVR (up 0.38 per cent) too were trading with gains.

The Nifty Media index was trading 0.52 per cent up at 2054.15 around 12:45 pm.

Benchmark NSE Nifty50 index was up 34.60 points at 11,831.05 while the BSE Sensex was up 120.67 points at 39,555.61.

Among the 50 stocks in the Nifty index, 34 were trading in the green, while 16 were in the red.

Shares of YES Bank, Vodafone Idea, Dish TV India, SAIL, Ashok Leyland, PNB, GMR Infra, BHEL, TV18 Broadcast and Tata Motors were among the most traded shares on the NSE.

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