Sun TV, SpiceJet Gain on Political Turmoil
Sun TV Network Ltd was up 2.6 per cent, while SpiceJet Ltd gained 2 per cent on Monday.
Traders said gains seen due to management control of the two companies by family members of key opposition party leaders in Tamil Nadu, which until last week was led by Jayalalithaa Jayaram.
A special court on Saturday sentenced Tamil Nadu chief minister Jayalalithaa to four years in jail in Karnataka.
Jayalalithaa has appealed to Karnataka High Court, which could overturn the verdict.
Copyright: Thomson Reuters 2014
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