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US President Joe Biden has signed a temporary government spending bill to keep agencies operating until December 20. The bill, which passed Congress with bipartisan support, includes additional funding for the Secret Service and presidential transition. Lawmakers delayed key spending decisions until after the November election, setting up a potential government shutdown fight before the holidays.
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News and Media
Trent, Bharat Electronics, and Canara Bank are set to benefit from the Nifty indices rebalancing on Friday. Divi's Laboratories and LTIMindtree will exit the Nifty 50 index, likely facing selling pressure. The National Stock Exchange will also rebalance other indices like Nifty Bank and Nifty Next 50 based on semi-annual reviews.
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Stocks in news: Markets saw a nearly 1% rise on the monthly expiry day, driven by favorable cues. Key stocks in focus include Biocon, SJVN, Adani Green, Union Bank, and Nuvama Wealth due to various developments such as agreements, joint ventures, property sales, and potential equity sales.
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