Today’s top morning headlines - 6th September 2023

Markets are trading in the red as of 12:30 pm, with the NIFTY50 trading around the 19,550 level. Here are the top stories of the hour. Let us know what you think in the comments below!

Top gainer: Divi’s Lab: 3,692 ▲ 50 (+1.3%)
Top loser: Tata Steel: 128 ▼ 2.8 (-2.1%)

:star: Jio Financial to be excluded from NIFTY50
Jio Financial Services (JFS) is trading 2% lower as its shares will be executed from NIFTY50 index from 7 September. As per the NSE, JFS shares have not hit the price band (upper or lower circuit) during the last two trading days, making the stock eligible for exclusion from the index.

:star: Power Grid secures new project
Power Grid Corporation shares rose more than 1% after securing a new project. As part of the project, the company will establish a 20GW inter-state transmission system in Rajasthan on build, own, operate and transfer (BOOT) basis.

:star: NBCC hits 52-week high on order win
Shares of the construction company rose 6.7% intraday, touching a new 52-week high. This comes after the company signed a contract with the Kerala State Housing Board to develop a 17.9 acres land parcel. The project value is ₹2,000 crore.

:star: Snowman Logistics gains as promoter raises stake
Shares of Snowman Logistics jumped over 3% to a 52-week high of ₹57.8 after the company’s promoter Gateway Distriparks acquired additional stake from the open market. It has purchased 5.5 lakh shares, taking its total stake in Snowman Logistics to 43%.