The collaboration between Reliance-Disney may lessen the prospects for companies like Zee Entertainment, Sun TV Network, Bharti Airtel, Vodafone, and other content providers. This venture is expected to increase Reliance-Disney’s negotiating power with advertisers and content providers, while also improving Jio’s content access.
Nifty formed a Doji candle on the daily chart, US stocks opened higher, FPIs emerged as net sellers for the third consecutive day, and Nifty Bank dropped over 4% in a week. Paytm announced its Q3 results with key highlights.
Shares of Zee Entertainment Enterprises (ZEEL) rallied 5.7% after Sony Pictures agreed to negotiate an extension of the date to complete the merger deal. The proposed $10-billion merger has received regulatory approvals and Zee Entertainment’s CEO is expected to lead the merged entity.
