The market settled in red after the Nifty hit its crucial 10,000 mark for the first time ever as hopes for improving earnings, accelerating economic growth and government reforms boosted investors’ confidence. Overseas, the dollar sagged to a more than one-year low and European stocks climbed on Tuesday, as investors bet that subdued US inflation and political strains in Washington would limit Federal Reserve interest rate moves for the rest of the year. Asian Paints, India’s biggest paint maker by market capitalisation, posted a 20% fall in first-quarter consolidated profit on Tuesday. The company said its decorative business was impacted in June ahead of the rollout of the Goods and Services Tax while higher material prices also squeezed margins. Sensex ended at 32,228, down 17 points, while the Nifty50 settled at 9,964, down nearly 2 points.
Nifty Future and Option Tips for Tomorrow (26th July)
BUY VEDL FUTURE ABOVE 277.5 TARGETS 279.5 , 281.5 , 283.5 STOP LOSS 273.5
BUY APOLLOTYRE FUTURE ABOVE 266 TARGETS 268 , 270 , 272 STOP LOSS 262
BUY M&MFIN FUTURE ABOVE 400 TARGETS 402 , 404 , 406 STOP LOSS 396
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