The Sensex slipped 111.01 points or 0.21% to settle at
52,907.93. During the day, it plunged 924.69 points or 1.74% to 52,094.25. The
NSE Nifty fell 28.20 points or 0.18% to close at 15,752.05.

The broader indices ended in green as the BSE Mid cap index
was up by 0.67% and the Small-cap index up by 0.09%. On the sectoral front,
FMCG was up by 2.47%, Realty was up by 1.65%, Basic Materials was up by 0.96%,
Consumer Disc was up by 0.80% and IT was up by 0.72%, while Energy was down by
3.99%, Oil & Gas down by 3.21%, PSU down by 1.32%, Utilities down by 0.86%
and Power-down by 0.77% were the top losing indices on BSE.

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

Bajaj Auto: The stock fell 2.29% to close at Rs 3,621.70
after the company reported weak two-wheeler sales for June. Bajaj Auto’s
domestic two-wheeler sales declined 20% year-on-year to 125,083 units in June
despite the year-ago month being partially affected by the second wave of the
COVID-19 pandemic. Overall, two-wheeler sales increased 2% on a year-on-year
basis to 315,948 units in the previous month as the company continues to face
challenges relating to securing semiconductors.

ONGC, Oil India: The share prices fell 13-14% each on July
1 after the government imposed special additional excise duty of Rs 23,250 per
tonne of crude oil production. In a wide-ranging notification, the government
has imposed special excise duties or windfall gains taxes on the domestic oil
and gas industry to curb some of the outsized benefits reaped by domestic
producers and refiners. The imposition of the new exercise duty will highly
restrict the benefits from elevated global crude oil prices to the earnings of
companies like ONGC and Oil India.

Tata Motors: The stock added 0.46% to close at Rs 413.70
after the company reported 2,31,248 vehicle sales in the first quarter of
fiscal 2022-23, compared with 1,14,784 units sold in the year-ago period, in
the domestic and international market.

Engineers India: The stock jumped 3.16% to close at Rs
58.80 after the company entered an agreement for joint commercialization of the
Earthquake Warning System. Engineers India is engaged by CSIR-CSIO as the
technology commercialization partner for the next five years on June 30, 2022.