"We believe regulated utilities are in a good position to expand their incremental market shares given benign competition," said Morgan Stanley s analysts Girish Achhipalia, Amit Bhinde and Pranjal Jain in a client note.
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%.
In the intra-day trade, the scrip of state-run oil marketing company hit a 52-week high of Rs 651.80 and Rs 651.65 apiece on the BSE and NSE, respectively.
After this, Yes Bank held a Swiss challenge auction with Prudent ARC s offer as an anchor offer, giving the ARC the first right to match any counter-offer the private lender would receive. Arcil gave a counter-offer of ₹203.4 crore, which Prudent ARC matched on Monday, the people cited above said. Prudent ARC and Yes Bank are expected to close the transaction this month end, the people said.
Thirteen stocks are under the F&O ban list on Wednesday, February 14. Hindustan Copper has moved out of the ban. The ban on F&O contracts is lifted when the open interest falls below 80%. Traders who trade in indices do not encounter a situation of security ban.