During the mid-morning trade, the equity barometer index traded near the flat line with tiny losses. Nifty managed to hold on to the 21,000 level. However, Media shares rallied for the fifth day in a row.
At 12:22 IST, the barometer index, the S&P BSE Sensex, was down 5.86 points or 0.01 percent to 69,920.89. The Nifty 50 index has gained 0.06 percent, or 12.75 points to 21,009. The Nifty hit an all-time high of 21,035.75 in early trade.
The market breadth was positive. On the BSE, 2,043 shares rose and 1,543 shares fell. A total of 154 shares were unchanged.
The Nifty Media index rose 1.35 percent to 2,459.35. The index jumped 5.84% in five trading sessions.
Dish TV India (up 5 %), TV18 Broadcast (up 5.58 %), Zee Entertainment Enterprises (up 7.82 %), Hathway Cable & Datacom (up 1.22 %), Network 18 Media & Investments (up 3.22 %), Nazara Technologies (up 0.86 %), Sun TV Network (up 0.57 %) edged higher.
On the other hand, Saregama India (down 0.92 %), D B Corp (down 0.6 %) and PVR Inox (down 0.94 %) declined.
Written by Nalin Suriya S.
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