Epic Research Update : Zee Entertainment
Equity benchmarks as well as broader markets were marginally higher amid consolidation in noon trade.
The 30-share BSE Sensex was up 58.89 points at 28401.90 and the 50-share NSE Nifty gained 30.50 points at 8774.85. About 1252 shares advanced against 1116 declining shares on the BSE.
Zee Entertainment gained over a percent after the media company sold its sports business to Sony Pictures Networks for USD 385 million (around Rs 2,600 crore).
Tata Motors was the biggest gainer on the Sensex, up 2.8 percent followed by Hero Motocorp with 2 percent upside. UltraTech Cement topped buying list on Nifty, up 4 percent after the Reserve Bank of India allowed FIIs up to 30 percent in the company.
TCS, Axis Bank, Infosys, ONGC, ITC and Reliance Industries were losers.
Equity benchmarks as well as broader markets were marginally higher amid consolidation in noon trade.
The 30-share BSE Sensex was up 58.89 points at 28401.90 and the 50-share NSE Nifty gained 30.50 points at 8774.85. About 1252 shares advanced against 1116 declining shares on the BSE.
Zee Entertainment gained over a percent after the media company sold its sports business to Sony Pictures Networks for USD 385 million (around Rs 2,600 crore).
Tata Motors was the biggest gainer on the Sensex, up 2.8 percent followed by Hero Motocorp with 2 percent upside. UltraTech Cement topped buying list on Nifty, up 4 percent after the Reserve Bank of India allowed FIIs up to 30 percent in the company.
TCS, Axis Bank, Infosys, ONGC, ITC and Reliance Industries were losers.
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