Zee Entertainment Share Prices Jump 20% to Rs 306.75 After Merger Deal With Sony Pictures India
Equity indices were flat during early hours on Wednesday as traders navigated cautiously while assessing the impact of struggling Chinese developer Evergrande Group on India.
Mumbai, September 22: Equity indices were flat during early hours on Wednesday as traders navigated cautiously while assessing the impact of struggling Chinese developer Evergrande Group on India.
At 10:15 am, the BSE S&P Sensex was up by 143 points or 0.24 per cent at 59,148 while the Nifty 50 gained by 43 points or 0.24 per cent to 17,605. Also Read | Rare Black Panther Spotted Near Famous Pratapgad Fort in Mahabaleshwar, Video Goes Viral.
Sectoral indices were mixed with Nifty media advancing by 9.4 per cent and realty by 1.5 per cent. But Nifty financial service and private bank were in the red. Among stocks, Zee Entertainment jumped 20 per cent to Rs 306.75 per share after the merger deal with Sony Pictures India. Also Read | MI vs KKR, Dream11 Team Prediction IPL 2021: Tips To Pick Best Fantasy Playing XI for Mumbai Indians vs Kolkata Knight Riders Indian Premier League Season 14 Match 34.
The other prominent gainers were Tata Motors, IndusInd Bank, NTPC, Bharat Petroleum Corporation and Tech Mahindra. However, Nestle India, Hindustan Unilever, Axis Bank, HDFC and HDFC Bank traded with a negative bias.
Meanwhile, Asian markets were mixed. Japan's Nikkei was down 0.6 per cent while Hong Kong shares climbed 0.51 per cent.
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