Share market update: Media shares decline; Sun TV falls over 4%

NEW DELHI: Media shares were trading with losses in Monday's afternoon session.

Shares of Sun TV Network (down 4.29 per cent), Zee Entertainment Enterprises (down 3.44 per cent), Dish TV India (down 3.34 per cent) and Eros International Media (down 2.99 per cent) were trading lower.

Inox Leisure (down 2.99 per cent), DB Corp (down 2.19 per cent), Network 18 Media & Investments (down 2.02 per cent) and Den Networks (down 1.71 per cent) too were trading with losses.


The Nifty Media index was trading 2.56 per cent down at 2078.75 around 12:18 pm.

Benchmark NSE Nifty50 index was down 107.25 points at 11,177.05 while the BSE Sensex was down 288.92 points at 37,593.87.

Among the 50 stocks in the Nifty index, 7 were trading in the green, while 43 were in the red.

Shares of Vodafone Idea, YES Bank, ICICI Bank, Tata Motors, PNB, Indiabulls Housing Finance, Dish TV India, Ashok Leyland, Bank of Baroda and Vedanta were among the most traded shares on the NSE.