Banking stocks drag markets lower after Q1 earnings!

Banking stocks drag markets lower after Q1 earnings! Indian markets ended lower as HDFC Bank, Axis Bank, and Kotak Mahindra Bank declined following their June-quarter results. HDFC Bank fell sharply after investors reacted to pressure on its net interest margins, while ICICI Bank outperformed after reporting stronger-than-expected earnings. Rising Middle East tensions and higher crude oil prices also weighed on investor sentiment.