Online BusinessUTV, Sun erase gains, end flat
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.