The Sensex declined 770.48 points or 1.29% to settle at 58,766.59. During the day, it slumped 1,014.5 points or 1.70% to 58,522.57. Similarly, the Nifty plunged 215.50 points, or 1.22% to close at 17,542.80.

The broader indices ended in green with the BSE Midcap index up by 0.57% and the Small cap index up by 0.48%. The top gaining sectoral indices on the BSE were Telecom up by 2.20%, Realty up by 1.07%, Industrials up by 0.90%, Capital Goods up by 0.70%, and Consumer Disc up by 0.32%, while Energy down by 1.99%, Oil & Gas down by 1.77%, IT down by 1.68%, Metal down by 1.56% and TECK down by 1.41% were the top losing indices on BSE.

Also Read | Google will not host Donald Trump’s Truth Social on Play Store, here’s why

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

SpiceJet: The stock price fell 2.48% to close at Rs 45.20 after the airline reported a loss of Rs 458 crore in the January-March quarter of FY22 and Rs 789 crore in the April-June quarter of FY23 due to high fuel prices, a depreciating rupee, and the third wave of Covid-19. The total revenue from operations for the January-March quarter came in at Rs 1,865 crore, marginally below Rs 1,877 crore reported in the year-ago period. The company had delayed announcing the results of its fourth quarter in 2021-22 due to a ransomware attack.

Also Read | Gold, silver and other metal prices on Thursday, September 1, 2022

Biocon Ltd: The stock ended 2.58% lower at Rs 301.90 and touched a 52-week high of Rs 298.50 after the US Food and Drug Administration (USFDA) issued Form 483s with 11 observations each for the two sites in Bengaluru and 6 observations for Malaysia site. The USFDA inspected Biocon Biologics’ seven manufacturing facilities spanning two sites in Bengaluru, India, and one in Johor, Malaysia.

Also Read | GST collection rises 28% to Rs 1.43 lakh crore in August

Ashok Leyland: The share price jumped 5.16% to close at Rs 161.95 after the flagship brand of the Hinduja Group bagged orders from major fleets for 1,400 school buses in the UAE. The total fleet deals worth $75.15 million for the GCC-made buses have been secured by Ashok Leyland’s UAE distribution partners, Swaidan Trading – Al Naboodah Group. In addition, the company’s total sales for August 2022 rose 51% to 14,121 units against 9,360 units in August 2021.

Also Read | India’s manufacturing PMI edges down to 56.2 in August from 56.4 in July

TVS Motor Company: The share price rose 2.98% to settle at Rs 1,015 and touched a 52-week high of Rs 1,028.75 as the company reported a growth of 15% in August 2022 with sales of 3,33,787 units as against 2,90,694 units in August 2021. In the two-wheeler segment, it posted a growth of 15% in August 2022 with sales increasing from 2,74,313 units in August 2021 to 3,15,539 units in August 2022.

Also Read | What is Social Stock Exchange; how organisations can list on it?

Oil and gas stocks: Shares of oil and gas companies traded mixed  Shares of oil and gas companies traded mixed on Thursday after the government revised the windfall tax on domestically-produced crude oil and export duty diesel and jet fuel. Shares of HPCL jumped 1.13%, GAIL added 0.40%, and BPCL gained 1%. On the other hand, the shares of Oil India fell 0.07%, ONGC declined 2.67% and Reliance Industries fell 2.80%.