Share market update: Media shares gain; Network 18 surges 12%

NEW DELHI: Media shares were trading with gains in Friday's afternoon session.

Shares of Network 18 Media & Investments (up 11.53 per cent) , Zee Media Corporation (up 4.85 per cent) , Saregama India (up 3.89 per cent) and TV18 Broadcast (up 3.67 per cent) were trading with gains.

Zee Entertainment Enterprises (up 3.27 per cent) , Music Broadcast (up 1.70 per cent) , Jagran Prakashan (up 1.28 per cent) and Dish TV India (up 1.26 per cent) too were among the top gainers.

The Nifty Media index was trading 1.88 per cent up at 1975.55 around 12:07 pm.

Benchmark NSE Nifty50 index was down 64.75 points at 11,903.65, while the BSE Sensex was 225.87 points at 40,349.30.

Among the 50 stocks in the Nifty index, 21 were trading in the green, while 29 were in the red.

Shares of YES Bank, ZEEL, SBI, SAIL, NCC, Tata Motors, ITC and Bank of Baroda were among the most traded shares on the NSE.