Sun TV erased all its gains and finally ended in the negative terrain at Rs 333. The counter clocked volumes of 6,969 shares as compared to the two-week daily average traded volumes of 18,919 shares on the BSE
UTV Software erased all its gains and ended at Rs 482, down 0.5% from the previous close. The counter clocked volumes of 2,866 shares as compared to the two-week daily average traded volumes of 13,361 shares on the BSE.
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(Updated at 1037 hrs)
UTV is close to partnering with Sun TV Network for a Tamil movie channel.
Sun TV opened at Rs 338 and soared to a high of Rs 345. The scrip is now up at Rs 341, up 1% from its previous close. The counter has cloked volumes of 2,885 shares as compared to the two-week daily average traded volumes of 18,919 shares on the BSE.
UTV Software opened at Rs 493 and is now at Rs 490, up 1% from its previous close. The counter clocked volumes of 996 shares as compared to the two-week daily average traded volumes of 13,361 shares on the BSE.
Sources say the two will form a joint venture under which UTV will dub movies from Hindi, English and other languages.
