Benchmarks trade in positive terrain; media shares jump
Mumbai, July 16 -- The key equity benchmarks witnessed minor gains in morning trade, supported by selective buying in frontline stocks. Positive investor sentiment helped the domestic indices remain in the green, with the Nifty trading above the 24,150 level.
Investors will continue to monitor developments in the US-Iran conflict, movements in crude oil prices, the ongoing Q1 earnings season, corporate business updates, and the progress of the southwest monsoon for further cues on market direction.
Media shares advanced after registering losses in the last two consecutive trading sessions.
At 11:25 IST, the barometer index, the S&P BSE Sensex advanced 255.08 points or 0.35% to 77,458.48. The Nifty 50 index added 73.45 points or 0.31% ...
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