Nifty Media index is trading lower by 2.88% at 2950 level. Eros Media is top loser in the index trading lower by nearly 4% at Rs 215.35 per share. Other media stocks like Hathway, Zee Entertainment, DEN Networks and PVR are also trading lower by over 3% on Tuesday. All the stocks in index are declining signalling strong negative undertone.
The advance declines ratio stood at 389:1222 at NSE with bears dominating the market.
The S&P BSE Sensex is trading at 31045 down 92 points, while NSE Nifty is trading at 9525 down 49 points. A total of 16 stocks registered a fresh 52-week high in trade today, while 50 stocks touched a new 52-week low on the NSE.
The BSE Mid-cap Index is trading down 0.85% at 14459, while BSE Small-cap Index is trading down 1.07% at 15217.
Some buying activity is seen in FMCG, Consumer Durables, Healthcare and Telecom while Oil & Gas, Energy, Finance, are showing weakness on BSE.
GAIL, Bharti Airtel, ITC, Aurobindo Pharma and Dr Reddy’s are among the gainers, whereas BPCL, ank of Baroda, Zee Entertainment, Indiabulls Housing Finance and Axis Bank are losing sheen on NSE.
The INDIA VIX is up 7.54% at 12.43.
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