Improving market sentiment

Across the board buying propelled Sensex to close above the 64k-mark, as investors cheered the US Fed decision in the backdrop of rising global uncertainty further worsened by the ongoing conflict in West Asia, higher inflation and strong FII fund outflows.

Prashanth Tapse, senior V-P (research), Mehta Equities, says: “The US Federal Reserve’s decision to keep policy rates unchanged fuelled a global rally and helped benchmark indices reverse their 2-day losing streak.”