Markets trade flat in opening trade; media stocks plunge - Highlight Investment Research

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Friday 20 September 2019

Markets trade flat in opening trade; media stocks plunge

Indian equity markets opened marginally higher on Friday tracking Asian markets, which responded to monetary policy easing across the globe. Thursday saw both the benchmark indices losing heavily on reports of a consumption slowdown in the country and middle east tensions.

The Sensex traded marginally higher by 26 points at 36,199, while the Nifty was flat around 10,700.

The sectoral trend was mixed, with Auto gaining the most, while Nifty Media plunged over 3% in early trade.




Media stocks were dragged by ZEEL and Den Networks, down ~5% each.

Yes Bank, Indiabulls Housing, and HDFC Bank were among the top gainers on the NSE, while Zee Entertainment Enterprises, NTPC, and IOC were the top losers.



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