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Sensex, Nifty 50 trade rangebound: Why is the Indian stock market defying the Venezuela crisis?

Contrary to fears that a US strike on Venezuela would dent stock market sentiment, major Asian markets rallied sharply on Monday. Japan’s Nikkei and South Korea’s Kospi jumped more than 3%, while China’s Shanghai Composite Index rose over 1%. The Indian stock market, however, traded in a narrow range.

Sensex, Nifty 50 trade rangebound: Why is the Indian stock market defying the Venezuela crisis?

Credit: Livemint

Key Highlights

  • The Sensex opened at 85,640.05 against its previous close of 85,762.01 and touched an intraday high and low of 85,883.50 and 85,516.75, respectively.
  • The Nifty started the day at 26,333.70 against its previous close of 26,328.55 and touched its record high of 26,373.20 and an intraday low of 26,263.60.
  • Around 11 am, the Sensex was 55 points, or 0.06%, up at 85,816.70, while the Nifty 50 was 29 points, or 0.11%, up at 26,357.80.
  • So far, the Venezuela saga has not started impacting the Indian stock market sentiment as crude oil prices remain low.
  • Benchmark Brent Crude traded 0.30% lower at $60.57 per barrel around 11 am.
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Sources

  1. Sensex, Nifty 50 trade rangebound: Why is the Indian stock market defying the Venezuela crisis?

This quick summary is automatically generated using AI based on reports from multiple news sources. The content has not been reviewed or verified by humans. For complete details, accuracy, and context, please refer to the original published articles.

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