Street Signs: Nifty finds favour at 19,500, L&T buyback, and more

The recently concluded Rs 10,000 crore buyback of engineering and construction behemoth Larsen & Toubro (L&T) proved to be a missed opportunity for retail investors

Nifty’s sweet spot at 19,500 sparks surge in buying interest

Huge buying interest emerged when the benchmark National Stock Exchange Nifty50 briefly slipped below 19,500 on Thursday. Market players now believe this could be a key level to determine near-term trends. “One key level to watch is 19,500, which represents a significant demand zone. This level is likely to attract more buyers who see it as an opportunity to enter the market with an upside potential of 20,000. Below 19,500, it is likely to be a bearish sign for the targets of 19,000–18,800,” observes Arvinder Singh Nanda, senior vice-president at