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Market on High
At 2:30 pm, National Stock Exchange’s Nifty was at 5959.80, up 74.85 points or 1.27 per cent. The broader index touched intraday high of 5965.35 and low of 5885.05.Bombay Stock Exchange’s Sensex was at 19845.81, up 251.06 points or 1.28 per cent. It hit a high of 19864.13 and low of 19445.42 in trade so far.

The Sensex, which rose to 19,927.30, its best intra-day level since 17 January 2008, ended the session with a gain of 311.35 points or 1.59% at 19,906.10, its highest close since 16 January 2010. The Nifty ended with a big gain of 95.50 points or 1.62% at 5980.45, slightly off the day's high of 5989.50.

Stock Option News
IDFC grants 100000 Stock Options under ESOS

Infrastructure Development Finance Company Ltd has announced that on September 20, 2010, pursuant to IDFC Employee Stock Option Scheme 2007, the Company has granted to its employees 1,00,000 options equivalent to 1,00,000 equity shares at a price of Rs. 193.45 per equity share.

The stock was trading at Rs.193.70, up by Rs.0.35 or 0.18%. The stock hit an intraday high of Rs.194.80 and low of Rs.192.60.

Lupin allots 102800 Equity Shares

Lupin Ltd has announced that the Allotment Committee of Directors at Its meeting held on September 20, 2010 has allotted 102800 fully paid up equity shares of Rs. 2/- each. These shares have been allotted upon exercising of options granted to the employees under Stock Option plans of the Company.

In view of the above, the issued and paid up capital of the Company has been increased to Rs. 89,13,50,840 consisting 44,56,75,420 equity shares of Rs. 2/- each. The stock was trading at Rs.389.85, up by Rs.2.25 or 0.58%. The stock hit an intraday high of Rs.396 and low of Rs.387.05.
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