DSIJ Mindshare

The downward revision was triggered by the lower-than-expected cash accruals, leading to low coverage and return indicators and slower than expected deleveraging at the consolidated level, which has led to weakening of the company’s overall financial and liquidity profile.

In the afternoon, all the sectoral indices were trading in the negative territory while the Sensex was down 1.9 per cent and Nifty 50 was down 2.32 per cent. On the back of sustained selling by market-participants, the markets are continuing their negative momentum as the equity markets were trading at the day’s low points in the afternoon session.

Biocon has been issued 12 observations by the USFDA for its assembly facilities in Malaysia. Despite the news, the stock price of the company increased by 1.5 per cent.

Following stocks are close to their 52-weeks low as at 12:47 p.m. on July 08, 2019.

The markets on July 08, 2019 opened gap down. BSE Sensex is trading at 38,888.00, down by 625.39 points and the Nifty is trading at 11,617.45, down by 193.70 points.