Despite worries that a U.S. strike on Venezuela could hurt markets, Asian indexes jumped and India’s market stayed mostly flat.
Asian markets rally, India moves sideways
Japan’s Nikkei and South Korea’s Kospi each rose more than 3%, while China’s Shanghai Composite gained about 1%.
In India, the Sensex opened at 85,640 and hovered around the same level, ending only slightly higher. The Nifty 50 opened at 26,334 and stayed near its previous close.
Why the Venezuela flare isn’t dragging Indian stocks
- Crude oil prices stayed low, with Brent trading around $60 a barrel.
- Investors are more focused on local factors such as third‑quarter earnings and the upcoming 2026 Union Budget.
- Analysts say the market is currently “immune” to global cues.
Analyst view: Bull momentum remains strong
Religare’s Ajit Mishra notes that as long as oil stays cheap, the market will keep looking at domestic news. He warns that a sudden spike in oil or a broader market sell‑off could change sentiment.
Geojit’s VK Vijayakumar adds that the market is at an all‑time high, giving bulls the edge, and that the Venezuela crisis is unlikely to hurt the global economy.
What’s driving the Indian market now?
- Earnings season: Companies are expected to report better profits thanks to a low earnings base, GST reforms, easier monetary policy, and higher government spending.
- Budget 2026: Investors await details that could boost certain sectors.
- India‑U.S. trade talks: Uncertainty remains after recent U.S. comments about possible tariffs linked to Russia’s oil purchases.
Outlook
Until earnings reports turn positive and the trade discussion clears up, the market may stay in a tight range. But with the bulls in control and oil prices steady, many expect modest gains in the coming weeks.
Remember, this is just an overview, not a prediction. Do your own research or talk to a financial adviser before making any decisions.