Media shares were trading with gains on Wednesday led by Network18 which rose by 5 per cent.
Shares of Dish TV (up 4.83 per cent), Balaji Telefilms (up 3.94 per cent), Zee Media (up 2.99 per cent), TV18 (up 2.61 per cent) and Zee (up 1.43 per cent) were the top gainers in the media index.
DB Corp (up 1.01 per cent), Sun TV (up 0.60 per cent), Jagran (up 0.51 per cent), and Saregama (up 0.38 per cent) too were trading higher.
The Nifty Media index was trading 1.25 per cent up at 1,331.35 at 11.12 am.
Benchmark NSE Nifty50 index was down 23.60 points at 9,890.40 while the BSE Sensex was trading 82.70 points lower at 33,522.52.
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