Quick Wrap: Nifty Media Index registers a drop of 2.54%

Nifty Media index closed down 2.54% at 1493.6 today. The index has lost 6.00% over last one month. Among the constituents, Saregama India Ltd fell 5.77%, Tips Music Ltd dropped 3.32% and Nazara Technologies Ltd slipped 2.87%. The Nifty Media index has decreased 26.00% over last one year compared to the 4.19% spike in benchmark Nifty 50 index. In other indices, Nifty Metal index has slid 2.07% and Nifty PSE index has slid 1.67% on the day. In broad markets, the Nifty 50 has declined 0.34% to close at 25509.7 while the SENSEX has declined 0.18% to close at 83311.01 today.

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