Quick Wrap: Nifty Media Index falls 2.61%

Nifty Media index closed down 2.61% at 1669.6 today. The index has slipped 5.00% over last one month. Among the constituents, Zee Entertainment Enterprises Ltd dropped 4.39%, Dish TV India Ltd fell 4.23% and Network 18 Media & Investments Ltd shed 3.75%. The Nifty Media index has fallen 18.00% over last one year compared to the 1.77% increase in benchmark Nifty 50 index. In other indices, Nifty Energy index has dropped 2.21% and Nifty PSE index has slid 2.00% on the day. In broad markets, the Nifty 50 has declined 0.90% to close at 24837 while the SENSEX has slid 0.88% to close at 81463.09 today.

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