Stock Market Today Live, July 21: Sensex slides 316 pts, Nifty 50 falls 65 points to 24,172; IT, banking stocks pull markets lower - The HinduBusinessLine

• European stock markets experienced a slight decline as investors adopted a cautious stance ahead of key economic triggers. • Market participants are closely monitoring the upcoming European Central Bank (ECB) meeting and upcoming earnings reports from major U.S. technology firms.

• European lenders are preparing to report resilient Q2 earnings, driven by steady loan growth, elevated interest rates, and strong trading activity. • Profitability has been bolstered by disciplined cost management, though investors remain focused on credit quality and potential economic risks.

• Crude oil prices have retreated from a one-month high, with Brent crude currently trading at $88 per barrel amid ongoing US-Iran war tensions. • The cryptocurrency market is seeing a rally driven by renewed institutional demand, declining Bitcoin exchange reserves, and capital rotating away from technology stocks.

• Novartis shares climbed 1.7% in London trading following a second-quarter report that exceeded core operating profit expectations. • New British Prime Minister Burnham officially took office on Monday, introducing a vision for a "new economic model" for the UK.

• European equity markets recovered from a shaky start on July 20, 2026, with major indices ending the morning session slightly higher. • Oil prices retreated during the session as Iran indicated a willingness to consider mediation proposals.

• JetBlue has acquired Spirit Airlines' slots at LaGuardia Airport for $300 million to strengthen its presence in the New York City market. • GE Aerospace achieved a milestone with its hybrid-electric flight reaching 30,000 feet, drawing investor interest toward green aviation technology.

• Indian benchmark indices traded flat in early sessions, with the Sensex at 77,710 and the Nifty exceeding 24,230. • ICICI Bank shares rose nearly 3% following a strong June-quarter report, which saw consolidated net profit increase 13.88% year-on-year to Rs 15,440 crore.

• Frédéric Oudéa, Chairman of Revolut Western Europe, argues in a Euronews opinion piece that Europe must move past its fragmented banking system. • He advocates for the creation of pan-European financial champions to replace the current disjointed market structure.

• Panelists on 'The Big Money Show' analyzed current market movements and key economic indicators. • The discussion highlighted President Donald Trump's expressed desire for the government to implement lower interest rates.

• Brent crude oil prices eased slightly after crossing the $90 mark following a series of exchange strikes between the U.S. and Iran. • Market attention shifts to a series of high-profile technology sector earnings reports and upcoming U.S. economic data to gauge inflation impacts from the conflict.

• The KOSPI index rebounded by over 2%, marking its first gain in three days as investors engaged in bargain hunting following a sharp short-term decline. • This recovery occurred despite overnight losses in the New York stock market, which were triggered by escalating geopolitical tensions between the United States and Iran.