Today’s top morning headlines - 6th March 2024

Good afternoon

NIFTY 50 started the session on a negative note but reclaimed its day’s high in the 2nd half of the session.

Top gainer: KOTAKBANK: 1,761 ▲ 45 (+2.6%)
Top loser: ADANIENT: 3,218 ▼ 92 (-2.7%)

:star: JM Financial drops over 15%
JM Financial Products Ltd shares dropped 15.9% on Wednesday after the RBI barred it from lending against shares, debentures with immediate effect.

:star: Mahanagar Gas falls 14%
Shares of Mahanagar Gas fell over 14% after the company reduced CNG prices by Rs 2.5 per kg.

:star: RBI ban-hit IIFL Finance to get $200 million liquidity support from Fairfax
Troubled IIFL Finance Ltd on Wednesday said that its longstanding investor Fairfax India Holdings Corp has agreed to invest up to $200 million in the company to tide over the liquidity crunch faced by the company following the restrictions imposed by the Reserve Bank of India (RBI) on its gold loan disbursals.