But don’t celebrate too soon. The real test starts now. Why? Because next week, India’s markets will face a trio of high-stakes triggers: RBI’s policy decision, heavy-duty earnings from SBI, Airtel, LIC, Titan, AMD, and Disney, and volatile crude oil prices tied to US-Iran tensions. Investors are watching more than just numbers. They’re watching whether rising commodity costs bite into company margins; even as festive season demand and EV adoption give hope. Foreign investors sold ₹5,778 crore in July, but domestic institutions stepped in with ₹35,099 crore. That’s a huge gap; and a fragile support system. The technical picture? NIFTY50 reclaimed its 20-day and 50-day EMAs; a sign of short-term recovery. But the ADX at 10.73 means the trend is still weak. A decisive break above 24,600 could open doors to 25,000. Slip below 24,000? The rally might unravel. And remember; IT stocks led the rebound (up 6%), but defence and energy lagged. Market breadth improved; 62% of NIFTY50 stocks now trade above their 50-day EMA; but consistent participation is key. Bottom line: The market’s recovery is real. But it’s also delicate. Next week’s events will tell us if it’s the start of a new leg… or just a pause before the next dip.