The Indian equity benchmarks declined on Monday, September 28, tracking negative sentiment amid a surge in crude prices and rising US bond yields, with the SENSEX falling as much as 1,064 points and the NIFTY50 index touching an intraday low of 22,808. Weakness in index heavyweights including HDFC Bank, Reliance Industries, ICICI Bank, Larsen & Toubro, State Bank of India and Mahindra & Mahindra contributed to the broad market decline. As of 2:10 pm, the SENSEX was down 997 points at 72,898 and the NIFTY50 index dropped 319 points to 22,821.

Amid the overall bearish trend, shares of Tata Teleservices surged as much as 10% to an intraday high of 37.90 on the National Stock Exchange, driven by a spike in trading activity. Trading volume in the stock jumped 57.6 times to 6.80 crore shares compared with an average volume of 11.81 lakh shares on the NSE. On the BSE, as many as 39.68 lakh shares changed hands compared with an average of 2.07 lakh shares traded daily over the past two weeks.

GlaxoSmithKline Pharmaceuticals shares rose 6% to an intraday high of 2,986.65 amid a spike in trading volumes. Trading volumes spiked by 7.5 times to 3.86 lakh shares on the NSE compared with an average volume of 51,854 shares. On the BSE, a total of 12,000 shares changed hands compared with its two-week average of 6,423 shares. MRPL shares climbed 5.3% to an intraday high of 173.50, with trading volume jumping 4.5 times to 1.85 crore shares on the NSE compared with an average of 40.97 lakh shares. On the BSE, volume spiked by 3.55 times to 13.46 lakh shares against a two-week average of 3.8 lakh shares.

Signatureglobal shares rose as much as 4.85% to an intraday high of 826 after the company re-appointed Chandra Wadhwa as an Independent Director of the Company, not liable to retire by rotation, for the second term of five consecutive years from 15th February 2027 till 14th February 2032. Trading volume in the stock increased 4.3 times to 13.86 lakh shares on the NSE compared with an average volume of 3.19 lakh shares. Great Eastern Shipping Company shares advanced 4.74% to an intraday high of 1,567.95 amid spike in trading activity, with volume jumping 4.1 times to 28.91 lakh shares on the NSE compared with an average of 7 lakh shares. On the BSE, 2.07 lakh shares changed hands against an average of 66,000 shares traded daily over the past two weeks.

The surge in trading volumes across these stocks occurred against a backdrop of cautious investor sentiment, with the SENSEX and NIFTY50 indices trading lower due to weakness in heavyweight counters and external factors including rising crude prices and bond yields. The disclaimer noted that the article is for informational purposes and should not be considered investment advice, with securities mentioned being illustrative and not recommendations.