'IIS Site not working when i provide hostname

I am using IIS 10. I am creating a test site and binding with no host name. (Type is http and port is 80). when I access the site using http://localhost/index.html the site is working fine. enter image description here

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When i add host name and add the host name in host file, site is not working

Host File entry is : 127.0.0.1 www.testmylocalsite.com

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Could you please help me what's going wrong? Also i tried with user permission (IUSR and App Pool user) for the physical directory. But nothing works for me.



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