Domestic stock market benchmark indices extended gains through mid-session and trading near day’s high level with the Sensex scaling 115-points at 39,246 and the Nifty at 11698, up 35 points at 11.50am.
The Media shares trade higher in the Nifty Media index, by 1.20% higher as buying was emerged in PVR, Zee entertainment and HathwayCable Datacom, which gained 2% each.
Shares of INOX , Zee media and Eros Media also gained over 1 percent each, whereas selling pressure seen in Den Network which slipped 4.65%, followed by Network18, TV-Today and Dish TV, which were lagging behind in the media index.
On Wednesday, TV18 Broadcast reported Q1 net profit of Rs.18.60-Crore which get a moderate impact on its shares today. The scrip traded higher by 0.65pc at Rs23.35- per share
On the reverse side, shares of Network18 Media&Investments led a loss by 3.90% after the company reported a net loss of to Rs.326.13-Crore in the quarter ended June-2019.