Market Commentary - Mid-Session
Nifty scales above 23,700; media shares in demand As on : 19-Nov-24  10:29

The domestic equity benchmarks traded with major gains in morning trade. The Nifty traded above the 23,700 level. Media shares advanced after declining in the past trading session.

At 10:26 IST, the barometer index, the S&P BSE Sensex jumped 903.36 points or 1.16% to 78,240.26. The Nifty 50 index gained 276.85 points or 1.18% to 23,730.65.

In the broader market, the S&P BSE Mid-Cap index rallied 1.30% and the S&P BSE Small-Cap index jumped 1.50%.

The market breadth was strong. On the BSE, 2,837 shares rose and 767 shares fell. A total of 141 shares were unchanged.

Buzzing Index:

The Nifty Media index jumped 2.93% to 1,954.55. The index fell 1.42% in the past trading session.

Zee Entertainment Enterprises (up 7.27%), PVR Inox (up 2.95%), Dish TV India (up 2.91%), Sun TV Network (up 2.23%), Den Networks (up 2.04%), Hathway Cable & Datacom (up 1.77%), Nazara Technologies (up 1.19%), Tips Music (up 1.18%) and Saregama India (up 0.65%) advanced.

Stocks in Spotlight:

PG Electroplast soared 10.33% after the company informed that its wholly owned subsidiary, PG Technoplast has signed a definitive agreement with Spiro Mobility to manufacture electric vehicles (EVs) of Spiro Mobility (Spiro) in India.

Shilpa Medicare rallied 3.53% after the company has received a certificate of suitability from the European Directorate for the Quality of Medicines & Healthcare for API, Octreotide.

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