MUMBAI: The markets settled above the key resistance level of 3037-3049 on Friday, 16 May 2003 and the 30-stock BSE Sensex was up 43.61 points at 3,056.58 and the NSE Nifty was up 13.25 at 973.10 - as compared to the BSE Sensex of 2,950 last week. It was a good week for media stocks, as all the companies except for Balaji Telefilms, gained on the bourses.
On 16 May, Zee Telefilms opened the day on the Bombay Stock Exchange (BSE) at Rs 74.60, gained 3.82 per cent to end the day at Rs 77.45 (as compared to Rs 75.60 on 9 May). The volume of shares trades was around 1.84 million shares on 16 May. The news pertaining to Zee group's plans to enter the film distribution business seems to have helped the scrip. Zee also announced its first Indo-France film venture earlier this week.
On the National Stock Exchange (NSE), the Zee Telefilm scrip started the day (16 May) at Rs 75.20; rose 4.14 per cent to end the day at Rs 77.90 (as compared to Rs 75.40 on 9 May). The volume of shares traded was around 4.12 million.
The Balaji Telefilms scrip opened the day (16 May 2003) at Rs 58.75; dropped 6.81 per cent and ended the day at Rs 54.75 (as compared to Rs 59.75 on 9 May). The volume traded was 189,722 shares.
On the NSE, the scrip opened the day at Rs 56.90; fell by 8.74 per cent to end the day at Rs 53.80 (as compared to Rs 59.65 on 9 May). The volume of shares traded was 782,079. Balaji Telefilms annual results will be announced on 22 May.
The Television Eighteen India scrip opened at Rs 77.65 on 16 May, gained 4.19 per cent to end the day at Rs 80.90 (as compared to Rs 71.05 on 9 May and Rs 74.95 on 2 May) on the BSE. On the NSE, it opened at Rs 79.90, gained 3.59 per cent and ended the day at Rs 80.75 (as compared to Rs 70.90 on 9 May and Rs 74.60 on 2 May). The volume of shares traded was 115,931 on the NSE.
Sri Adhikari Brothers Television Network (SABTNL) opened the day (16 May) at Rs 63.05; gained 0.71 per cent to end the day at Rs 63.50 (as compared to Rs 54.45 on 9 May). The volume of shares traded was 61,859 on the BSE. On the NSE, the scrip ended the day at Rs 63.75 (up 0.79 per cent) as compared to Rs 54.40 (on 9 May ) and Rs 55.75 (on 2 May). The volume of shares traded was 199,652 on the NSE.
Cinevistaas opened the day (16 May) at Rs 27.30; gained 2.56 per cent to end the day at Rs 28 (as compared to Rs 23. 50 on 9 May) on the BSE. On the NSE, the scrip opened at Rs 27.75; gained 8.29 per cent to end the day at Rs 29.40 (as compared to Rs 25.50 on 9 May).
Creative Eye opened the day (16 May) at Rs 12.70; rose 12.20 per cent to end the day at Rs 14.25 (as compared to Rs 11.55 on 9 May) on the BSE. On the NSE, the scrip rose 10.94 per cent to end the day at Rs 14.20 (as compared to Rs 11.50 on 9 May).
The ETC Networks scrip rose opened the day at Rs 47.35; rose 2.22 per cent to end the day at Rs 48.40 (as compared to Rs 45 on 9 May and Rs 38.85 on 2 May) on the BSE.
Exchange rate: $1 = Rs 47.15