By mid-session, Shares of the media sector, which have been undergoing selling pressure since the start of the market, have even more slipped into the lower territory, by the index falling near 3% at 2.40-pm.
Meantime, Benchmarks keep on their respective gains with the Sensex at 40353-level up 188-pts and the Nifty at 11949-level up about 59-pts.
The Nifty Media Index, which represents 15 Media companies on the NSE, declined 2.83 pc with its Last Traded price at 1,870.60
The major market players in the Media sector, which are slipping are Dish TV India, down 8.83%, Sun TV down 4.08%, Zee Entertainment down 3.3% and TV-Today and TV18 broadcast both down by near 2.8%
However, shares in Saregama India, Music Broadcast and Zee Media Corp were seeing buying trends in a range between 4 to 9 percent. For Free stock tips visit our website.
In the fifty pack of Nifty stocks, 27 shares witness buying pressure, while the rest 23 stocks selling pressures in different extents, with maximum losses Zee Entertainment which slipped 3.51 percent. Get the best stock Tips from the experts.