Sun TV Network Falls 1.3% After Eight-Day Winning Run

Sun TV Network slipped 1.3% on October 1 after an eight-session rally. ₹664 remains resistance, while ₹530 is key support. Sun TV Network Limited [

] fell about 1.5% on 1 October 2026, ending an eight-session winning streak. The stock opened with a gap down and closed lower. On 30 September, the stock rose as much as 18% to touch a 52-week high near ₹664 after a media report on a possible SunRisers Hyderabad demerger. The company called the report a market rumour and did not confirm it. Over eight sessions, the stock had gained around 47%, and it gave back roughly half of its intraday gain by that day's close. On the chart, ₹664 is the key hurdle on the higher side. It marks the recent high, and buyers need to clear it to restore momentum. On the lower side, ₹530 is the key support. A close below it would weaken the structure of the recent advance. Rumour driven moves can reverse quickly, so price action near these levels may say more than the news itself. This is a market observation, not a recommendation. Disclaimer: I, Akhilesh Jat (SEBI RA Reg. No. INH000016649), do not hold any position in the stock discussed. This content is informational, not a recommendation. Investments in securities are subject to market risks. Read all related documents carefully before investing.