Fears Recede as Bulls Prepare to Bounce Back

The recent market dynamics have been nothing short of a rollercoaster ride, with both the BSE Sensex and the NSE Nifty 50 indices teetering on the brink of negativity before staging a remarkable turnaround. This resurgence followed the US Federal Reserve’s decision to maintain interest rates for the fifth consecutive time, injecting renewed optimism into Wall Street and global markets alike. Bullish investors seized upon this news, driving key indices in the US to record highs amidst heightened expectations of a rate cut in June, with the possibility of further cuts throughout the year.