Markets opened weak but managed to recover most of the losses by close. Nifty and Sensex ended the day nearly flat. Broader markets remained range-bound, with the advance-decline ratio showing an even split. Sector Performance: PSU Banks led the gains, rising +1.8%, followed by IT (+0.6%) and FMCG (+0.5%). Metals (-0.5%) and Pharma (-0.3%) were the notable laggards. Top Stories: Tesla’s Entry in India: Elon Musk’s Tesla is making its India debut with the ₹61 lakh Model Y. The launch could shake up the local EV landscape. ITC Hotels surged +5% after strong Q1 results. HDB Financial dropped -3% post a weaker-than-expected Q1. Notable Movers: SBI

SBIN

gained +2% after board approval to raise ₹20,000 crore via bonds. HDFC Bank to consider its first-ever bonus issue on July 19. Coffee Day hit 10% upper circuit for the second day; ace investor Dolly Khanna picked up a 1.5% stake in Q1. Dixon Technologies rallied +4% after announcing a precision manufacturing acquisition and a JV with a Chinese firm for laptop/mobile parts. Earnings Buzz: ICICI Prudential fell -3% after analysts trimmed earnings estimates post Q1 results. Network 18 jumped +14% after turning profitable in Q1. Shilpa Medicare rose +5% after its Bengaluru unit cleared a USFDA inspection.

#Post-ClosingCommentary#FundamentalViews

898 likes·54 comments