Chennai, Nov 16 (TIWN) Shares of television channel takeover target company New Delhi Television Ltd (NDTV) hit the BSE upper circuit on Wednesday.

The company's shares rose 5 per cent to Rs 407.60 apiece on NSE, also its 52-week high, after closing at Rs 388.20 on Wednesday.

Similarly, NDTV NSE 5.00 % Ltd gained 5 per cent to Rs 403.70 per share on BSE. It is also the 52-week high for the company on the bourse.

In the morning trade, the 30-share benchmark Sensex surged more than 351 points to 59,436.78 points while the broader Nifty rose 101 points to 17,706 points.