Sensex down 248pts, Nifty ends below 8900; ONGC up

The market on Friday closed lower on profit booking with the Sensex down 248.03 points or 0.8 percent at 28797.25.

On the other hand, Nifty slipped 85.80 points or 0.9 percent at 8866.70.

Shares such as ONGC, Wipro, TCS, GAIL and Reliance were top gainers while Axis Bank, Bajaj Auto, ITC, Hero MotoCorp and HDFC were losers in the Sensex.

English print media industry is growing at around two percent while the Hindi print media is seeing a healthy growth of about 10 percent, says Prashant Panday, Managing Director and Chief Executive Officer, ENIL.

"The television and radio industry witnessing around 10-12 percent growth, he adds. The biggest advertiser across ENIL's TV and radio business is the Central Government," added Panday.

However, the government ads contributed to around 12 percent to ENIL's total revenue last fiscal.

"Ad revenues from the auto and consumer durables sector is slowly picking up," he added.