Quick Wrap: Nifty Media Index declines 3.46%, NIFTY Tumbles 1.11%

Nifty Media index ended down 3.46% at 2068.75 today. The index is down 3.00% over last one month. Among the constituents, Zee Entertainment Enterprises Ltd slipped 6.39%, Network 18 Media & Investments Ltd fell 3.43% and Hathway Cable & Datacom Ltd shed 3.23%. The Nifty Media index is up 21.00% over last one year compared to the 26.86% surge in benchmark Nifty 50 index. In other indices, Nifty Energy index is down 2.30% and Nifty PSU Bank index has slid 2.30% on the day. In broad markets, the Nifty 50 has declined 1.11% to close at 21951.15 while the SENSEX is down 1.08% to close at 72304.88 today.

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