Broader mkt outperforms; media shares in demand

Image
Last Updated : Sep 10 2024 | 10:53 AM IST
The key equity indices traded near the flatline with tiny gains in morning trade. The Nifty traded above the 24,900 level. Media shares advanced after declining in the past two consecutive trading sessions.

At 10:30 IST, the barometer index, the S&P BSE Sensex, rose 35.81 points or 0.04% to 81,591.29. The Nifty 50 index added 3.05 points or 0.01% to 24,939.45.

The broader market outperformed the frontline indices. The S&P BSE Mid-Cap index rose 0.44% and the S&P BSE Small-Cap index gained 1.08%.

The market breadth was strong. On the BSE, 2,507 shares rose and 1,090 shares fell. A total of 157 shares were unchanged.

Buzzing Index:

The Nifty Media index rose 1.09% to 2,074.65. The index fell 1.47% in past two consecutive trading sessions.

Nazara Technologies (up 5.07%), PVR Inox (up 2.01%), TV18 Broadcast (up 1.50%), Tips Industries (up 1.05%), Hathway Cable & Datacom (up 1.03%), Sun TV Network (up 0.75%), Zee Entertainment Enterprises (up 0.74%), Network 18 Media & Investments (up 0.57%), Saregama India (up 0.44%) and Dish TV India (up 0.29%) advanced.

Stocks in Spotlight:

Ahluwalia Contracts (India) jumped 4.33% after the company announced that it has bagged two contracts worth Rs 1,307 crore from SignatureGlobal for housing projects.

JSW Energy added 1.37% after the companys wholly owned subsidiary, JSW Neo Energy received a letter of award (LoA) from Maharashtra State Electricity Distribution Company (MSEDCL) for setting up 600 MW Wind-Solar Hybrid Power Project.

Powered by Capital Market - Live News

Disclaimer: No Business Standard Journalist was involved in creation of this content

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Sep 10 2024 | 10:37 AM IST

Next Story