Vatika Hotels (VHPL), established in April 2004 in New Delhi, is a special purpose vehicle (SPV) under the umbrella of the Vatika Group, which makes condominiums and community housing in Gurgaon and the surrounding suburbs of New Delhi.
The F&O contracts of any stock enter the ban period when the open interest (OI) on it crosses 95% of the market wide positions limits or MWPL. The ban on it is reversed only if the open interest falls below 80%.
Foreigners were net buyers of shares worth 607.6 billion won ($455.10 million) in their 18th session of buying out of the last 20 sessions. In the other two, their sales were by just small margins.
If the uptrend in the broad market were to resume, private banks stand the most to gain, with the Nifty private bank index having closed above 20-day SMA for the first time since 16th January.