The Nifty Media index was trading 3% down at 1899.05 around.
Media shares were trading with losses Today.
Shares of Jagran Prakashan (down 7.03 %), Dish TV IndiaNSE -4.93 % (down 6.57%), Eros International MediaNSE -5.00 per cent (down 5%) and Zee Entertainment Enterprises (down 4.08%) were trading with losses.
Hathway Cable & Datacom (down 3.47%) , Sun TV Network (down 1.87%) , DB Corp (down 1.71%) and Zee Media Corporation (down 1.70%) too were trading lower.
Benchmark NSE Nifty 50 index was down 140.05 pnts at 10,977.95 while the BSE Sensex was down 474.09 pnts at 37,007.03.
Among the 50 stocks in the Nifty index, 6 were trading positive, while 43 were Negative.
Shares of YES Bank, Vodafone Idea,Tata Motors, ZEEL, Wipro, UPL, Bank of Baroda Ashok Leyland, Dish TV India and GMR Infra were among the most traded shares on the NSE.