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. The Sensex opened at 85,640.05 against…