NIFTY50, SENSEX trade lower in noon deals; Wockhardt, Coal India, IndiGo among buzzing stocks

The Indian stock market continues to trade lower in the afternoon session amid high volatility on Monday, June 1, despite positive cues from its Asian peers.

At 12:57 PM, the S&P BSE SENSEX was down 81.67 points, or 0.11%, at the 74,694.07 level, while the NSE's NIFTY50 was trading at the 23,516.05 level, losing 31.70 points, or 0.13%.

Buzzing stocks on June 1: Check list

Wockhardt share prices surged more than 19% to hit their 52-week high level on Monday after the pharmaceutical company secured approval from the US Food and Drug Administration (FDA) for its new antibiotic drug named Zaynich.

Shares of Wockhardt surged 19.2% to hit their 52-week high of ₹2,422.30 on June 1, 2026, compared to ₹2,031.40 at the previous market close.

As per the NSE filing, Wockhardt disclosed that the Zaynich drug is a novel intravenous antibiotic used for the treatment of adults with complicated urinary tract infections.

“The U.S. Food and Drug Administration (FDA) has approved ZAYNICH™ (cefepime and zidebactam), a novel intravenous antibiotic for the treatment of adults with complicated urinary tract infections (cUTI), including pyelonephritis, caused by susceptible Gram-negative pathogens,” the company informed the stock exchanges.

Shares of InterGlobe Aviation rallied 5.1% to touch its intraday high of ₹4,633.90 apiece on Monday despite the airline firm reporting a net loss for its quarter ended on March 31, 2026.

The IndiGo operator company reported a consolidated net loss of ₹2,537 crore in the March quarter of FY26, mainly due to foreign exchange losses, domestic capacity curbs and one-time expenses of ₹250 crore tied to the implementation of new labour codes. The company reported a profit of ₹3,068 crore in the corresponding period last year.

The airline’s revenue increased just 1% at ₹22,438 crore in the reporting quarter as against ₹22,152 crore year-on-year (YoY).

IndiGo witnessed a 6% decline in EBITDAR to ₹6,396 crore in Q4, compared to ₹6,817 crore in the year-ago period. The airline’s EBITDAR margin stood at 28.5%, down from 30.8% YoY, while its EBITDA margin was reported at 3.6% versus 27.5% in the corresponding quarter.

However, despite continuing external disruptions, during the year ended March 2026, IndiGo said it has expanded its operations, with capacity increasing by 9.5% YoY and total income growing by 6.4% to ₹89,513.4 crore.

Multi Commodity Exchange of India (MCX) shares fell 2% to touch an intraday low of ₹2,885 apiece on Monday after the company added a new futures option to its existing portfolio.

“To further expand the portfolio of silver futures, with feedback from markets addressing the need for industry, the ‘Silver 100’ futures are being launched for commencement of trading from today,” the company said in a statement.

MCX stated that it has issued a circular on the revision of its Good Delivery Norms for silver, inviting eligible domestic silver refiners to apply for empanelment under these norms. The exchange noted that this initiative is aimed at reducing reliance on imports while promoting domestic silver recycling.

Asian Paints share continues to trade higher for the second consecutive session on Monday after the company’s positive earnings. The firm’s consolidated net profit jumped 69% to ₹1,172 crore in Q4 FY26 as compared to ₹692 crore reported in the same period of the previous fiscal year.

The country's largest paint-making firm's revenue from operations increased 10.6% on a year-on-year (YoY) basis to ₹9,247 crore in the January to March quarter as against ₹8,359 crore seen in Q4 FY25.

Its operating profit, also known as EBITDA, surged 24% to ₹1,787 crore as against ₹1,436 crore in the corresponding period last year. Its EBITDA margin expanded to 19.3% in contrast to 17.2% in the year-ago period.

Coal India shares jumped over 4% during the intraday trading session on June 1, after the state-run firm recorded positive growth in its monthly offtake performance for May 2026, according to an exchange filing.

As per the NSE filing, Coal India’s offtake performance witnessed 2.2% growth to 66.7 million tonnes in May 2026, compared year-on-year with 65.3 million tonnes in the same period a year ago.

Shares of Inox Wind slipped 9% to an intraday low of ₹85 apiece on Monday as the firm posted around a 45% decline in consolidated net profit at ₹105.68 crore during the March quarter, impacted by higher expenses. It had reported a net profit of ₹190.34 crore in the year-ago period.

During January-March, the company's total income from operations also fell to ₹1,305.50 crore from ₹1,310.65 crore a year earlier. Expenses stood at ₹1,161.59 crore against ₹1,103.01 crore in the last quarter of FY25.

In an investor presentation, the company said its order book was 3.1 GW as of March 31, 2026, providing large revenue visibility for more than 24 months.

The IT firm saw a rise of 6% in its shares to an intraday high of ₹5,498 apiece after the company said it is signing an agreement to expand its Eastern European presence.

Persistent Systems is integrating a specialised team of more than 90 professionals from Concise, a Tallinn-headquartered software engineering and IT consulting company for this expansion.

“Subject to closing conditions, the transaction will strengthen Persistent’s European nearshore delivery network and enhance its ability to help enterprises evolve large-scale digital infrastructure and globally integrated operations,” the company said.

At 12:54 PM, the stock was trading at ₹5,478 apiece on NSE, gaining 5.46%.