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Media stocks rose today after the government allowed States to gradually open movie theatres. The government on Wednesday allowed States to reopen movie theatres at 50 per cent capacity, and announced that schools and educational institutions could restart in a phased manner.
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Big relief for the multiplex industry
Cinemas, theatres, multiplexes will be permitted to open with up to 50% of their seating capacity from October 15The Nifty media index climbed 3.35% to 1,599.70 today. Shares of top cinema chains PVR Ltd and INOX Leisure 9% and 8%, respectively. Dish TV gained 2 per cent to Rs 13.90.
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Sensex surges 629 points; Nifty reclaims 11,400
Banking, financial and media stocks rally
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