Mumbai Market Rally

On Thursday, the Sensex experienced a significant surge, climbing 899 points to close above the 76K mark, marking a one-month high. This rally was fueled by dovish comments from the US Fed chair, who maintained the forecast of two rate cuts this year despite ongoing tariff concerns.

Impact on Investors

The day's rally added approximately Rs 3.6 lakh crore to investors' wealth, with BSE's market capitalisation now at TRs 408.6 lakh crore. Foreign funds were net buyers, contributing to the rally, while domestic funds were net sellers. This shift indicates a changing landscape in investment flows amidst global economic uncertainties.

Looking Ahead

Despite the positive momentum, the Federal Reserve's lowered economic growth forecasts and raised inflation projections highlight the growing uncertainty over the impact of Trump's policies on the economy. This mixed sentiment among investors suggests a cautious optimism as markets navigate through these turbulent times.