D-Street Buzz: Media stocks gain led by Zee Entertainment; ICICI Bank jumps 2%

Benchmark indices are trading on a positive note with Nifty up 29 points and is trading at 11,701 while the Sensex added 124 points and is trading at 39,085 level.

Nifty Media is the outperforming sector, up over 1 percent led by Zee Entertainment, Dish TV, Network18, PVR, TV Today and Inox Leisure.

From the banking space, the top gainers are ICICI Bank which jumped 2 percent followed by IndusInd Bank, RBL Bank and State Bank of India.

India VIX is marginally down 0.14 percent at 14.63 levels.

The top gainers from the NSE include IndusInd Bank, Zee Entertainment, ICICI Bank, Cipla and Power Grid while the top losers are Indiabulls Housing Finance, Bharti Infratel, Asian Paints, Hindalco Industries and Britannia Industries.

The most active stocks are Indiabulls Housing Finance, YES Bank, Reliance Industries, IndusInd Bank and State Bank of India.

261 stocks have hit 52-week low on BSE including JP Associates, Jet Airways, Kwality, Reliance Infra, DHFL, Reliance Home Finance, Manpasand Beverages, Reliance Communications, Aban Offshore, Eros Media, McLeod Russel, Mercator, PC Jeweller, Jain Irrigation, Punj Lloyd, MTNL, Reliance Capital, Adlabs Entertainment and Cadila Healthcare among others.

The breadth of the market favoured the declines as 843 stocks advanced and 845 declined while 406 remained unchanged on the NSE. On the BSE, 998 stocks advanced, 1047 declined and 122 remained unchanged.

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