The short-term trend of Nifty is choppy with range-bound action. Any upside from here could encounter strong resistance around 22,800 levels. Immediate support is at 22,550 levels and a slide below the support could trigger some more weakness ahead, Nagaraj Shetti of HDFC Securities said. Open Interest (OI) data showed that on the Call side, the highest OI was observed at 22,700.
Open FlipIf you think Tim Cook has always led a charmed life at the helm of Apple, think again. The years straight after the death of Steve Jobs in 2011 were a trial by fire. First there was antitrust: America’s Department of Justice (DoJ) sued Apple for conspiring to fix e-book prices. Then there was competition: Samsung, a South Korean rival, went to war with the iPhone with bigger, sleeker models.
Open FlipInvestors snapped up all shares on offer in a Saudi hospital group shortly after books opened on the deal that’s shaping up to be the largest listing in the kingdom so far this year. Dr. Soliman Abdul Kader Fakeeh Hospital and its shareholders are seeking to raise as much as 2.86 billion riyals ($763.4 million) in the Riyadh initial public offering.
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