On September 29, 2026, shares of Honasa Consumer, EIH, and NCC saw a notable increase in trading volumes amid a volatile market. The Indian stock market indices SENSEX and NIFTY50 experienced sharp declines but showed some recovery by midday. This report explains the key market movements and significant events affecting these companies.
- Honasa Consumer shares dropped up to 4.88% with a large transaction after market opening.
- The SENSEX fell as much as 707 points; NIFTY50 hit an intraday low of 22,569.65.
- NCC secured a ₹1,076.71 crore contract for a water supply project in Andhra Pradesh.
- Trading volumes for Honasa Consumer, EIH, and NCC surged multiple times their average levels.
What caused the drop in Honasa Consumer shares?
Honasa Consumer shares dropped as much as 4.88% to an intraday low of ₹443.70. This decline followed a report of a large transaction in the stock shortly after the market opened. The trading volume jumped 25 times compared to the average, with 1.94 crore shares traded on the National Stock Exchange (NSE). On the Bombay Stock Exchange (BSE), 8.54 lakh shares changed hands, which is significantly higher than the usual daily average of 43,000 shares.
How did the overall market perform on September 29?
The Indian equity benchmarks opened lower on September 29. The SENSEX fell as much as 707 points, and the NIFTY50 index reached an intraday low of 22,569.65. By 1:07 pm, the SENSEX was down 414 points at 72,357, and the NIFTY50 dropped 118 points to 22,661. The decline was influenced by weakness in major index stocks such as HDFC Bank, Infosys, Eternal, Bajaj Finance, Titan, and Reliance Industries.
What significant contract did NCC secure?
NCC Ltd received a Letter of Acceptance (LoA) on September 26 for a major contract worth ₹1,076.71 crore (excluding GST). The contract involves supplying drinking water under the Multi Village Scheme on the Yeleru Reservoir for the Anakapalli Segment in Anakapalli District, Andhra Pradesh. This contract was awarded by the Rural Water Supply and Sanitation Department, Visakhapatnam, Government of Andhra Pradesh.
How did NCC's trading volumes change?
Following the announcement of the contract, NCC shares experienced a surge in trading volume. The volume spiked by 12.5 times to 2.22 crore shares compared to the average of 17.7 lakh shares. On the NSE, trading volume increased 4.9 times to 1.33 lakh shares from an average of 27,459 shares. On the BSE, the volume rose 4.5 times to 1.85 lakh shares compared to an average of 41,090 shares.
What about EIH's trading activity?
Although the article does not provide detailed figures for EIH, it mentions that shares of EIH also saw a surge in trading volumes amid the market movements on September 29. This indicates increased investor interest and activity in EIH shares during the session.
