The broader Nifty50 index of the National Stock Exchange slipped below the crucial 11,400 level to end at 11,359, down 138 points . Out of 50 constituents, 40 ended in the red and just 10 in the
green. All the sectoral indices on NSE ended in the red. Media
stocks took the hardest knock, followed by realty and PSU bank stocks.
The Nifty Media index settled at 2,134, down 101 points.
STOCKS THAT MADE NEWS Reliance Industries: Shares
of Reliance Industries (RIL) hit an eight-week low on the BSE on Wednesday. The
stock has lost 7 per cent in the past three trading days. It ended at Rs
1,299.45 apiece on BSE, down over 3 per cent. Essel Group shares: Shares
of Subhash Chandra-led Essel Group companies were under pressure on Wednesday
with Zee Entertainment Enterprises (ZEEL) and Dish TV India falling more than 8
per cent each on the BSE. The fall comes despite the group's assurance that the
stake sale process of Zee Entertainment Enterprises was at an "advanced stage."
At close, ZEEL stood at Rs 333, down 10 per cent while Dish TV India settled
nearly 2 per cent lower at Rs 31. Vodafone Idea: Vodafone Idea
shares hit a new low of Rs 13.65, down 12 per cent on Wednesday, declining 17
per cent in past two trading days on the BSE, on back of two-fold jump in
trading volumes. The stock ended at Rs 14.35, down over 7 per cent.
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