Nifty media index escaped bearish markets on Thursday and emerged as the top gainers on benchmarks despite volatile markets trend. TV18 Broadcast and Network 18 contributes to lift the sector as to lead the gains.
At around 11:20, Nifty media was trading at 1672.90 up 17.70 points or 1.07%. The index has touched an intraday high of 1675.55 and an intraday low of 1369.30 during early trading hours on Thursday.
The majority of the stocks listed was trading in the green with 7 scrips advancing and 3 scrips declining.
TV18 Broadcast was the lead gainer advanced 6.84% at Rs42.95 per piece after hitting day's high of Rs44.40 per piece on Thursday.
Network 18 surged 2.29% at Rs42.40 per piece while DB Corp gained 0.93% at Rs92 per piece. TV Today also gained 0.52%.
Dish TV, Jagaran and PVR were trading marginallyup on the index.
On the downside, Sun TV and
Inox Leisure were the only two trading marginally down.