Stock Market News: Key Factors Likely To Impact D-Street Today

Benchmark indices edged higher in the previous session on July 21as upbeat Q1 results from HDFC Bank and ICICI Bank kept investor sentiment high. The Sensex advanced 442.61 points, or 0.54 per cent, to close at 82,200.34, while the Nifty 50 climbed 122.3 points, or 0.49 per cent, to settle at 25,090.7.

As trade resumes on July 22, a host of domestic and global cues are expected to guide sentiment and drive market action on Dalal Street. Here's what investors will be tracking today.

Q1 Results Today, July 22

At least 52 companies are scheduled to announce their quarterly results for Q1 FY26 today. These include major public sector firms like Indian Railway Finance (IRFC) and well-known private companies such as Colgate-Palmolive, One 97 Communications (Paytm), and Mahindra & Mahindra Financial Services.

Along with these, smartphone-manufacturer Dixon Technologies, drone-maker IdeaForge Technology, and natural gas supplier Mahanagar Gas are also set to report their quarterly earnings today.

India-US Trade Deal

US Treasury Secretary Scott Bessent said on July 21 that the Trump administration is prioritising the quality of trade agreements over their timing.

"We are not going to rush for the sake of doing deals," Bessent said in an interview.

A team of US trade officials will visit India in August to hold the next round of talks about a trade deal between the two countries, PTI reported. Last week, India and US officials finished the fifth round of talks in Washington.

According to VK Vijayakumar, Chief Investment Strategist, Geojit Investments, "If India doesn’t get a favourable deal with tariffs below 20 percent that would be a short-term negative from the market perspective."

Jane Street Allowed To Trade

The Securities and Exchange Board of India (Sebi) has reportedly allowed Jane Street, which faces allegations of market manipulation, to resume trading in Indian securities, although it has not been permitted to trade in options yet.

This development came after the accused trading firm deposited Rs 4,843.57 crore in an escrow account.

US Markets

The S&P 500 and the tech-heavy Nasdaq Composite edged higher on July 21 as investors weighed corporate earnings, positive developments in the Trump administration's tariff negotiations, and easing treasury yields.

The Dow Jones Industrial Average slipped 18.66 points, or 0.04 per cent, to close at 44,323.53. Meanwhile, the S&P 500 rose 8.89 points, or 0.14 per cent, to finish at 6,305.68, and the Nasdaq gained 78.52 points, or 0.38 per cent, to settle at 20,974.18.

Asian Markets

Asian markets opened largely higher on July 22, mirroring Wall Street’s record-setting rally.

Japan’s Nikkei 225 led with a nearly 1 per cent gain in early trade, while the broader Topix index rose up to 0.73 per cent. However, both the Japanese indices slipped into negative later during the day.

South Korea’s Kospi too mirrored Japan's indices, opening up higher and then slipping more than a per cent in the red.

China's SSE Composite was up 0.25 per cent, while the Hong Kong-based Hang Seng was up by around 0.3 per cent.