Vedanta Power, TARIL, IDBI Bank Shares Surge Amid Volume Spike While Markets Decline
The SENSEX fell as much as 455 points, while the NIFTY50 index touched an intraday low of 22,558 after earlier reaching 22,757. At 1:34 pm, the SENSEX stood down 376 points at 72,657 and the NIFTY50 had dropped 136 points to 22,585. Broad‑based selling pressure and cautious sentiment, driven by a surge in global crude prices, weighed on the Indian equity benchmarks.
Vedanta Power shares advanced as much as 13.26 %, reaching an intraday high of ₹34.25. Trading volumes spiked, jumping 19 times to 17.83 crore shares on the NSE, compared with an average volume of 92.41 crore. On the BSE, 65 lakh shares changed hands versus an average of 12.55 lakh. The surge reflected heightened investor interest in the power generation sector.
Transformers and Rectifiers India (TARIL) shares rose as much as 19 %, hitting an intraday high of ₹360.95. The rise followed a 135 % increase in net profit for the September quarter, which rose to ₹80 crore from ₹34 crore a year earlier. Trading volume on the NSE jumped 189 times to 6.11 crore shares, compared with an average of 32.29 lakh shares. The sharp volume spike underscored strong market participation.
DCS Shriram, a textile maker, saw its shares advance as much as 20 %, reaching an intraday high of ₹1,154. Trading activity spiked, with NSE volume jumping 23 times to 10.93 lakh shares, compared with an average of 48,313 shares on the NSE. The sharp increase in volume reflected heightened investor engagement in the textile sector during the session.
IDBI Bank shares rose as much as 12.9 %, hitting an intraday high of ₹93.62 amid a spike in trading activity. The stock’s volume jumped, with 12.39 crore shares changing hands, compared with an average daily volume of 65.44 lakh shares over the past two weeks. The surge highlighted increased market participation in the banking sector during the session. This article is purely for informational purposes and should not be considered investment advice.