Quick Wrap: Nifty Media Index registers a drop of 2.83%

Nifty Media index closed down 2.83% at 1984.35 today. The index has lost 4.00% over last one month. Among the constituents, Saregama India Ltd fell 5.63%, Zee Entertainment Enterprises Ltd slipped 4.72% and Dish TV India Ltd shed 4.18%. The Nifty Media index has decreased 14.00% over last one year compared to the 26.81% spike in benchmark Nifty 50 index. In other indices, Nifty Metal index has slid 1.51% and Nifty PSE index is down 1.50% on the day. In broad markets, the Nifty 50 is down 0.29% to close at 24781.1 while the SENSEX has declined 0.09% to close at 81151.27 today.

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