QUICK WRAP: NIFTY MEDIA INDEX FALLS 3.65%

Nifty Media index ended down 3.65% at 1995.3 today. The index has slipped 3.00% over last one month. Among the constituents, Network 18 Media & Investments Ltd shed 5.55%, Nazara Technologies Ltd fell 5.19% and Hathway Cable & Datacom Ltd slipped 4.64%. The Nifty Media index has fallen 13.00% over last one year compared to the 26.16% increase in benchmark Nifty 50 index. In other indices, Nifty PSU Bank index has dropped 3.31% and Nifty PSE index has slid 3.22% on the day. In broad markets, the Nifty 50 has declined 0.87% to close at 24795.75 while the SENSEX has dropped 0.78% to close at 81050 today.

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