NIFTY Media soars 2% during Muhurat trading; Zee Entertainment, MPS, Tips Music lead gains

The NIFTY Media index soared during the Diwali special Muhurat trading session on Sunday, November 8, led by gains in shares of Zee Entertainment, MPS Ltd, Tips Music, Saregama India, PVR Inox, and more.

The index surged as much as 2.08% to hit an intraday high of 1,705.35 on Sunday, November 8, compared with Friday’s closing level of 1,670.50. The index closed at 1,699.05, up by 28.55 points or 1.71%.

The gauge has rallied 4% in the past week and more than 8% over the month. It has soared 9% in three months and 16% over a six-month period. On a year-to-date (YTD) basis, it has gained 17%.

While the index hit its 52-week high of 1,745.50 on November 5, 2026, it touched a year’s low of 1,245.05 on March 23, 2026.

Its top gainers included Zee Entertainment, MPS Ltd, Tips Music, PVR Inox and Saregama India.

Just two out of the index’s 10 constituents declined, including Nazara Tech and Prime Focus.

Here is how the stocks were performing on November 8:

Shares of Zee Entertainment Enterprises gained as much as 7.9% to hit an intraday high of ₹69 apiece on the National Stock Exchange (NSE). It closed at ₹68.42 per equity share, up by 6.96%.

The stock has jumped more than 3% in the past week but lost 5% over the month. On a YTD basis, it has declined 24%.

The stock of the company surged by as much as 4.8% to reach the session’s peak of ₹2,340 per equity share on Sunday, November 8. It ended 2.99% higher at ₹2,299.60 per unit.

The scrip has declined 1% in the past week and 14% over the month. However, it has risen 14% on a year-to-date basis.

Tips Music shares rose as much as 4.3% to hit an intraday high of ₹804.85 per unit on the NSE on Sunday, November 8. It closed at ₹792.25 per equity share, registering a 2.99% increase.