Sun TV Network reported a 3% YoY drop in Q1 profit to ₹529 crore due to weak advertising revenues, while subscription income grew 10%. EBITDA fell 13% to ₹617 crore.
Indian markets opened muted, with Nifty hovering near 26,000 as momentum cooled post-record highs. Broader markets face strain, prompting caution. Analysts suggest Nifty will consolidate
Investors are closely watching sectors like banking, manufacturing, auto distribution, and aviation after a recent rate cut. Analysts see temporary margin pressure for banks and
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