Watchlist stocks include Biocon, SpiceJet

On Thursday, Indian equity markets are probably going to experience a decline due to gloomy global attitudes. The SGX Nifty Futures quoted 17,472 levels, down 282 odd points, at 7:45 a.m.

The US markets plummeted on Wednesday across the board as worries about rate hikes were exacerbated by positive employment statistics. The S&P 500 and NASDAQ Composite both had declines of 0.7% and 0.5%, respectively, while the Dow Jones fell by 0.8%.

Following subpar Wall Street signals on Thursday morning, Asia-Pacific markets also fell. Over 1% was lost by each of the Nikkei 225, Topix, S&P 200, and Kospi.

Meanwhile, here is a list of equities that may be traded at home on Thursday:

Biocon: The US Food and Drug Administration (USFDA) released Form 483 with 11 observations for two sites at Biocon’s Bengaluru facility and six plants for a plant in Malaysia after inspecting seven production facilities of arm Biocon Biologics.

SpiceJet: While fuel prices were high in the March quarter of FY22 and the rupee depreciated, the airline operator reported losses of Rs. 458 crores in April quarter of FY23 (Q1FY23).

FAQ:-

1- Why is spice jet operating less than 50% of flights?

Ans – as per DCGA’s instruction following a string of instances.

2- When did the inspection start?

Ans – August 11, 2022 in Bengaluru

3- When did the inspection conclude?

Ans – August 30, 2022 in Malaysia

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