D-Street Buzz: Nifty Media outshines as Zee Entertainment jumps 3%; Sintex Plastics zooms 20%

The Indian benchmark indices are trading on a positive note this Wednesday morning with the Nifty50 up 31 points, trading at 10,717 while the Sensex is up 155 points at 35,667.

Nifty Media is the outperforming sector, up close to 2 percent led by Zee Entertainment, UFO Moviez and INOX Leisure.

The PSU Bank index has added half a percent with gains from State Bank of India, Canara Bank, Vijaya Bank, Oriental Bank of Commerce, Bank of Baroda and Bank of India.

Selective FMCG stocks are also buzzing led by Colgate Palmolive, ITC, GSK Consumer, Godrej Consumer, Hindustan Unilever, Marico and Proctor & Gamble.

From the BSE midcap space, the top gainers included Reliance Nippon, Mphasis and Reliance Capital while the top losers are DHFL, RBL Bank and HUDCO.

The top BSE smallcap losers are Hotel Leela, Sintex Plastics and Vadilal Industries while the top losers are Bharat Road Network, Allsec Tech and Ashapura Intimates.

The top gainers from NSE include Zee Entertainment, IndusInd Bank, Infosys, Titan Company and Hero MotoCorp.

The top losers included YES Bank, IOC, BPCL, NTPC and ONGC.

The most active stocks were YES Bank, DHFL, Indiabulls Housing Finance, Sun Pharma and Infosys.

Adani Transmission, Electrosteel Steels and Vindhya Telelinks are some of the few stocks which hit new 52-week high on the NSE.

34 stocks have hit new 52-week low including names like Arvind, ONGC, Max India and Prabhat Dairy among others.

The breadth of the market favoured the advances with 823 stocks advancing and 707 declining while 517 remained unchanged. On the BSE, 900 stocks advanced, 669 declined and 85 remained unchanged.

Disclosure: Reliance Industries Ltd. is the sole beneficiary of Independent Media Trust which controls Network18 Media & Investments Ltd.

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