The BSE Sensex fell 93.91 points or 0.17% to settle at 55,675.32. During
the day, it plunged 472.49 points or 0.84% to 55,295.74. The broader NSE Nifty
declined 14.75 points or 0.09% to close at 16,569.55. The
broader indices ended in red with the BSE Mid cap index down by 0.15%, while
the Small cap index was down by 0.54%.

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On the sectoral front, Metal was up by
0.72%, Oil & Gas was up by 0.50%, Energy was up by 0.41%, Auto was up by
0.21% and Bankex up by 0.15%, while Realty down by 0.87%, Consumer Disc down by
0.79%, Consumer Durables down by 0.59%, Capital Goods down by 0.53% and Telecom
down by 0.31% were the top losing indices on BSE.

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Here
are the key stocks that moved the most on June 6:

Oil
India: The stock surged 12.49% to close at Rs 282.30 as Brent crude prices
surged after Saudi Arabia raised rates for its crude shipments in July.
Brokerage firm Kotak Institutional Equities upgraded its rating on the stock to
“add” and raised its fair value target to Rs 285.

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LIC:
The life insurance company’s stock hit a record low as it slipped 2.97% to
close at Rs 776.50. The price has fallen nearly 16% from its post-IPO high of
Rs 920 in less than three weeks of listing on rising worries over its ability
to compete with nimbler private sector rivals and the impact of ongoing market
volatility on its embedded value.

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Adani
Transmission: The stock price jumped 3.43% to settle at Rs 2,023.15 after the
company signed a share purchase agreement with Essar Power to acquire its 100%
stake in Essar Power Transmission Company (EPTCL) for Rs 1,913 crore. The
acquisition is a part of the company’s value-added growth strategy through
organic as well as inorganic growth opportunities.

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Multiplex
stocks: Cinema stocks such as PVR and INOX fell 2% to 5% as the Maharashtra
government made masks in public places mandatory again in light of rising
cases. The state has seen a 54% rise in reported COVID-19 cases in the previous
24 hours with 700 of the new 1,018 infections arising in Mumbai itself. Due to
the resurgence in COVID-19 infections, investors are worried that footfalls in
theatres could see a sharp decline as individuals avoid crowded places for fear
of the virus.

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Zydus
Lifesciences: The stock ended 0.36% higher at Rs 364.50 after the company
received final approval from USFDA to market Famotidine Tablets in the
strengths of 20 mg and 40 mg used to reduce the amount of acid in the stomach.
It is used to prevent and treat heartburn and other symptoms caused by
excessive acid in the stomach. The drug will be manufactured at the group’s
drug formulation facility at SEZ, Ahmedabad.