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In a 2:1 split verdict, the Supreme Court on Tuesday (November 18) set aside its own verdict that quashed the Centre’s decision to grant retrospective environmental clearances to projects. The order came as a major relief for realtors, miners, and Steel Authority of India Limited (SAIL).

The shares of Hudco surged, making it among the top gainers on the F&O sections.

After much publicity, Zoho’s Arattai App will now include End-To-End Encryption, announced Sridhar Vembu

The shares of Kerala-based Federal Bank surged, hitting a record high mark in today’s trade.

Somil Mehta, Mirae Asset Sharekhan

The shares of GMR Airports rose after Jefferies raised its target price

In a split verdict, the Supreme Court reverses its own judgment, which had barred ex-post facto Environmental Clearance to projects.

From CNBC Awaaz

Goldilocks Global Research founder Gautam Shah reiterates his optimistic prediction that the Nifty will rise to 26,700 by year’s end and 27,500 in the medium run.

He thinks the index is working hard to break over the critical 26,100 mark, which he views as the pivotal breakout point for the upcoming leg.

Although market odds have decreased, Drew Pettit of Citi says the Federal Reserve is still likely to lower interest rates in December. He stated that Citi’s “house view is we still expect to cut in December,” adding that the firm anticipates some economic data weakening but not signs of a recession.

Sources Say

RITES | Signs MoU With APEDB For Infra Growth In Andhra Pradesh

Paints space

This space cannot be disrupted for the long term. It can be disrupted for one to one and a half years. And so we also got Asian Paints at ₹2,200 of course, we booked profits also and plus the festive season was there, now the wedding season is going to come.

Parag Thakkar, Sr Fund Manager, Fort Capital

On QSR space

Parag Thakkar, Sr Fund Manager, Fort Capital

On Groww

The Nifty Midcap 100 index had fallen by close to 400 points.

Newgen Software executes a master service agreement worth £1.5 m with an overseas entity.

Nifty below 25,900, with Hindalco, AdaniPower, TataSteel, JSW Steel being the top losers

With Michael “the big short” Burry revealing short positions in both Nvidia and Palantir, the AI-powered software provider, there are now many worries about the AI theme going into a bubble. The Nasdaq, a tech-heavy index, has dropped 5% from its all-time highs due to the worries, while the S&P 500’s tech sector is down 7% from its peak.

Cohance Life shares to a 52-week low.

In early trading on Tuesday, November 18, the rupee fell 8 paise to 88.67 against the US dollar as the equity market was under pressure to sell due to uncertainty surrounding international trade.

According to forex analysts, the Indian currency was not supported by a weak US dollar, declining crude oil prices, or some foreign investment in domestic companies.

When PhysicsWallah, an edtech platform, debuted on Tuesday, November 18, its shares had significant listing gains of 36%.

The stock was issued at ₹109 a share, however it listed at ₹145 on the NSE. The stock debuted at ₹143.10 on the BSE, a 31% premium.

The post-issue market capitalisation of PhysicsWallah was ₹45,974.84 crore.

The Nifty index has fallen after a day of gains yesterday; these are the top contributors to the index as per their weightage.

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