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M&E stocks take a beating as Sensex crashes 1600+ points; NDTV worst hit
MUMBAI: Triggered by global concerns over China’s falling economy and its impact on global markets, the benchmark BSE Sensex witnessed bloodbath on Monday, 24 August as it closed the day at 25,741.56, down 1,624.51 points (5.94 per cent). This is one of the biggest fall since 2009.
Moreover, the Nifty was also down 490.95 points (5.92 per cent) to close at 7809.
According to media reports, on the back of the market meltdown, investors lost more than Rs 7 lakh crore. The downfall not only left the major oil, goods and bank companies in the red but the Indian Media and Entertainment (M&E) companies were also badly hit.
In the media sector, news company NDTV India was the worst hit as it fell 16.27 per cent to close the day at Rs 88.50. This was followed by TV Today, which witnessed a fall of 13.99 per cent to close the day’s trade at Rs 192.15. On the other hand, multi system operator (MSO) Hathway Cable & Datacom at Rs 40.05 was down 13.78 per cent.
Some of the other major M&E companies like Balaji Telefilms, direct to home (DTH) company Dish TV and Sun TV Network were not spared either. While Balaji Telefilms was down 12.31 per cent to close the day at Rs 72.65, Dish TV was down 11.85 per cent at Rs 96.35. The Maran owned Sun TV dipped 11.63 per cent to close at Rs 298.50.
Eros International Media closed at Rs 441.95 after registering a 11.60 per cent decline. Even music companies were not left untouched from the stock market waves. Shemaroo Entertainment, Saregama and Tips recorded a fall of 10.74 per cent, 9.98 per cent and 9.53 per cent respectively.
Other media companies including DQ Entertainment, Network18, B.A.G Films and Entertainment Network India Ltd (ENIL) were down by 9.38 per cent, 8.78 per cent, 8.59 per cent and 7.33 per cent respectively.
The Dhoot family owned DTH company Videocon d2h was the sole company unaffected by the fall of the Sensex. The company’s stock was up by 0.33 per cent and closed at Rs 137. 75.
Some of the companies, which were not as impacted as much were Zee Entertainment Enterprises Limited (ZEEL), which was down 6.11 per cent to end the day at Rs 359.65, Jagran Prakashan (down 5.20 per cent) and MSO Siti Cable (down 5 per cent).
HT Media bore a loss of 2.84 per cent, whereas the Orissa based MSO Ortel Communications was down 2.27 per cent to close the day’s trade at Rs 202.30.
Ascribing the market crash to global turbulence, finance minister Arun Jaitley said that the government along with the Reserve Bank of India (RBI) was watching the situation and hoped that things will stabilise once the transient impact is over.
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Business Today MindRush returns to Mumbai, spotlight on India’s edge in a fractured world
Policymakers and corporate heavyweights gather to map supply chains, energy security and markets
MUMBAI: As fault lines widen across global trade and geopolitics, Business Today is doubling down on India’s moment. The 14th edition of Business Today MindRush & Best CEOs Awards lands in Mumbai on March 28, pitching India’s strategic edge at the centre of a fragmenting world.
The day-long summit, presented by PwC, will bring together a tight mix of policymakers, industry leaders and market voices to decode shifting supply chains, maritime strategy, defence priorities, energy security and capital markets—sectors now deeply entangled with geopolitics.
M Nagaraju, secretary, department of financial services, ministry of finance, will headline the event, setting the tone for discussions that aim to track how India is repositioning itself amid disrupted trade routes and volatile energy dynamics.
The speaker slate reads like a cross-section of India Inc’s command centre. Krishna Swaminathan will zero in on sea lanes and supply chains, while Prashant Ruia is set to push the case for self-reliance in oil and gas. Ashish Chauhan will weigh in on capital markets at a pivotal juncture, as a panel featuring Vibha Padalkar, Sanjiv Mehta, Amish Mehta and Sanjeev Krishan debates navigating economic uncertainty.
Leadership under pressure will be another running theme. Madhavkrishna Singhania, Sharvil Patel, Karan Bhagat and Anurag Choudhary will unpack how businesses are steering through disruption. Arun Alagappan will turn the spotlight on fertilisers, Arundhati Bhattacharya will reflect on leadership transitions, while Anish Shah and S Vellayan will outline blueprints for building future-ready conglomerates.
The event will close with Aroon Purie setting the broader editorial lens, before the Best CEOs Awards recognise standout corporate leadership across sectors.
At a time when the global order looks increasingly splintered, MindRush 2026 is positioning itself as more than a conference—it is a signal that India intends not just to navigate the churn, but to shape it.
