Broadcasters, channels decline after Trai caps MRP on individual channels

Shares of channels and operators declined on Thursday after Telecom Regulatory Authority of India (Trai) made amendments to the new regulatory frameworks to allow TV users access to more channels at lower subscription price.
 

Among individual stocks, Sun TV Network slipped over 6 per cent, while Balaji Telefilms and Sahara One Media dipped over 4 per cent each, and Zee Entertainment and Den Networks both slid over 3 per cent in early morning trade today. The Nifty Media index dipped over 1.4 per cent as compared to the benchmark Nifty50 index's gain of 0.3 per cent.

However, most of these stocks