Nifty trades above 22,800 level; media shares rally
Media shares witnessed buying demand for two consecutive trading sessions.
At 10:25 IST, the barometer index, the S&P BSE Sensex advanced 431.88 points or 0.64% to 73,677.91. The Nifty 50 index rose 120.90 points or 0.60% to 22,835.25.
In the broader market, the Nifty MidCap 150 Index rose 0.31% and the BSE 250 SmallCap Index added 0.10%.
The market breadth was positive. On the NSE, 1,861 shares rose and 1,316 shares fell. A total of 112 shares were unchanged.
Brent crude for the December 2026 settlement declined $1.32 or 1.18% to $110.32 a barrel.
Earnings Today:
Asian Paints (down 0.70%), Coal India (up 0.69%), InterGlobe Aviation (up 0.23%), Trent ((down 1.81%), Ambuja Cements (up 0.31%), Asset Reconstruction Company (India) (down 1.04%), Blue Star(up 1.38%), Firstsource Solutions (down 0.05%), Godrej Consumer Products (up 0.94%), Laurus Labs(up 0.05%), Milky Mist Dairy Food (down 0.78%), Motilal Oswal Financial Services (up 2.08%), Pine Labs (up 0.25%), Shadowfax Technologies (down 1.98%) will declare their results later today.
Buzzing Index:
The Nifty Media index jumped 0.64% to 1,647.90. The index rose 5.76% in the two consecutive trading sessions.
PVR Inox Ltd (up 1.85%), Zee Entertainment Enterprises Ltd (up 1.38%), Saregama India Ltd (up 0.65%), Tips Music Ltd (up 0.55%) and Network 18 Media & Investments Ltd (up 0.45%) were the top gainers.
Stocks in Spotlight:
Hero Motocorp declined 0.17%. The two-wheeler major's adjusted net profit increased 42.21% to Rs 1,861.33 crore from Rs 1,308.89 crore a year earlier. Sequentially, adjusted net profit rose 31.79% from Rs 1,412.36 crore in Q1 FY27. Net sales increased 22.52% year on year to Rs 14,970.50 crore from Rs 12,218.39 crore. Revenue rose 14.05% quarter on quarter from Rs 13,126.35 crore in Q1 FY27.
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