Now Cairn-Vedanta deal is finalised with some rider by Government of India.
Negative for Cairn and Good for ONGC. Share price of ONGC to gain and that of Cairn to battered. For ONGC, nearly 5% gain is likely on the card; but about Cairn share, Shorting will be a risky play. Base is likely at 290 for cairn.