Stock Market Live Updates 22 July 2024: Asian stocks fall on Biden exit; Sensex, Nifty eye Budget, earnings

Sensex, Nifty, Share Prices LIVE: Global markets are experiencing increased volatility following President Joe Biden’s abrupt decision to end his re-election campaign against former President Donald Trump. This unexpected move has created a new U.S. electoral dynamic, leading to uncertainty and a dip in Asian markets. The Japanese Nikkei 225 dropped 419.10 points to 39,644.69, and the broader TOPIX fell 0.92 percent to 2,834.41. South Korea’s KOSPI also declined, losing 1.21 percent to trade at 2,761.61. In India, market analysts anticipate that this week’s stock market activity will be heavily influenced by the upcoming Union Budget, quarterly earnings reports, and global trends. Critical factors to watch include foreign investor activity, the rupee-dollar exchange rate, and Brent crude oil prices. Blue-chip companies like Bajaj Finance and HDFC Bank are set to announce their earnings, which will be closely monitored. Meanwhile, Foreign Portfolio Investors (FPIs) have shown robust interest in Indian markets ahead of the July 23 Budget, with significant net investments in both equities and debt markets. This strong buying trend indicates growing confidence in Indian equities, and FPIs are expected to further increase their investments in the second half of the year.