The BSE Sensex fell 185.24 points or 0.33% to settle at
55,381.18. During the day, it plunged 474.98 points or 0.85% to 55,091.43 after
an initial rally. The NSE Nifty declined 61.80 points or 0.37% to settle at

The broader indices ended mixed with the BSE Midcap index
down by 0.10%, while the Small-cap index up by 0.62%. On the sectoral front,
Capital Goods was up by 0.75%, Industrials up by 0.70%, Metal up by 0.46%,
Bankex up by 0.44% and PSU up by 0.38%, while Power down by 1.70%, Utilities
down by 1.51%, TECK down by 1.18%, Healthcare down by 1.16% and Realty down by
1.15% were the top losing indices on BSE.

Also Read | Closing Bell: Sensex falls 185 points, Nifty closes at 16,522

Here are the key stocks that moved the most on June 1:

Bajaj Auto: The stock fell 3.65% to close at Rs 3,723.00
after the company reported lower-than-expected sales data for May. Bajaj Auto
reported total sales of 2.75 lakh units for May which was below the Nomura
India Securities’ estimate of 3.12 lakh. Sales volumes in volumes in the
previous month grew just 1% on a year-on-year basis and were down more than 34%
from the pre-pandemic levels in May 2019. A weak month of exports for the
company led the slow sales performance. Two-wheeler exports plunged 15% year on
year to 1.53 lakh units, while three-wheeler exports fell 67% to 10,163 years
on year in May.

Also Read | India Q4 GDP: Eight core industries grow 8.4% in April hitting six months high

Coal India: The share added 2.02% to close at Rs 196.80
after the coal major reported a strong 30% production growth in May 2022. The
increase in volume terms was 12.6 million tonnes (MTs). The company produced
54.7 million tonnes (MTs) of coal during the month compared to 42.1 MTs in May
2021. During the first two months of fiscal 2022-23, Coal India produced 24.2
MTs more coal than it did in the same period a year ago. This reflects a
healthy 29% growth, Coal India said in a BSE filing.

Also Read | India Q4 GDP: Manufacturing sector falls 0.2% owing to high input prices

Mahindra and Mahindra: The share price jumped 1.22% to
close at Rs 1,047.00 after the auto major reported total auto sales of 53,726
units in May 2022 as against 17,447 units in the year-ago period. Domestic
passenger sales came in at 26,904 units in the reported month against 8,004
units in May 2021. Exports stood at 2,028 units in May 2022 against 1,935 units
in May 2021.

Also Read | India’s real GDP growth stands at 8.7% in FY2022

HFCL: The share surged 3.73% to close at Rs 65.30 after
the company received purchase orders from a leading telecom operator. The
company and its material HTL, have received purchase orders of Rs 237.25 crore
from one of the leading private telecom operators in the country. The company
will supply optical fibre cables. The contract will be executed by October
2022. However, the company did not disclose the name of the customer.

Also Read | Eurozone inflation soars to record 8.1% amid rising energy and food costs

Natco Pharma: The share price jumped 3.34% to close at Rs
714 after the company announced the launch of the first generic version of
Nexavar (Sorafenib) tablets in the US market. The product will be launched by
Hyderabad-based Natco Pharma’s commercial partner, Viatris.