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

Stock Market Today: The stock market concluded last week on a negative note, extending its losing streak to a third consecutive week. Investor sentiment were weighed down by a tepid start to the Q1 earnings season and continued uncertainty around the US-India trade deal. As a result, both the Nifty and Sensex ended the week near their respective lows, closing at 24,968.40 and 81,757.73, respectively.

Here are the market cues that are likely to impact the D-Street on July 21.

Parliament Session Begins

The Monsoon Session of Parliament is set to commence on Monday and will continue until August 21. During this session, the government is expected to introduce several key economic bills. These bills are aimed at reforming the income tax system, improve business operations, and provide a boost to the shipping and minerals sectors.

Some key proposals include simplifying the income tax framework, enhancing ease of doing business, and implementing measures to support the growth of both the shipping and mineral industries. Investors will be closely watching this space.

Q1 Results

A total of 46 BSE-listed companies, including UltraTech Cement, Eternal (formerly Zomato), Crisil, Havells, IDBI Bank, UCO Bank, PNB Housing Finance, and Oberoi Realty, will report their Q1 earnings today.

Investors will also react to earnings released after market hours on Friday and over the weekend, with major reports from Reliance Industries, HDFC Bank, ICICI Bank, JSW Steel, Yes Bank, Union Bank of India, AU Small Finance Bank, Bandhan Bank, RBL Bank, and L&T Finance among others.

Primary Market Action

The Rs 3,395.79 crore Anthem Biosciences IPO is set to debut on both BSE and NSE today at 10:00 AM. Additionally, the PropShare Titania IPO, a Small and Medium Real Estate Investment Trust (SM REIT), has opened for public subscription and will remain open until July 25.

Meanwhile, in the SME segment, the Rs 61 crore Spunweb Nonwoven IPO is also making its market debut.

India-US Trade Deal

The India-US trade deal on reciprocal tariffs remains unresolved, even after the fifth round of intense talks between the two countries' negotiating teams. The talks, held from July 14 to 17 in Washington, raised concerns over key issues such as agriculture and automobiles, among others.

Despite this, both sides are likely to continue negotiations in the coming weeks, aiming to reach an interim trade deal before the August 1 deadline. India’s chief negotiator and special secretary in the Department of Commerce, Rajesh Agrawal, led the talks.

Global Markets

In the US, the Dow Jones Industrial Average fell 142.30 points, or 0.32 per cent, to 44,342.19. The S&P 500 lost 0.57 points, or 0.01 per cent, to end at 6,296.79. The tech-heavy Nasdaq Composite gained 10.01 points, or 0.05 per cent, closing at 20,895.66.

In early trade today in Asia, the Hong Kong-based Hang Seng index was up by 0.3 per cent, China's SSE Composite and South Korea's Kospi was up by 0.5 per cent each. Japan's Tokyo Stock Exchange is closed today.