Business Standard

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

Stock market, NSE
Premium

Photo: Bloomberg

Samie ModakKhushboo Tiwari

Listen to This Article

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

What you get on BS Premium?

  • Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
  • Pick your 5 favourite companies, get a daily email with all news updates on them.
  • Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
  • Preferential invites to Business Standard events.
  • Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.
VIEW ALL FAQs

Need More Information - write to us at assist@bsmail.in