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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).


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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