Market Live Updates Today: SGX Nifty trends indicate a negative opening for the index in India with a 41-point loss. During the day, Finance Minister Nirmala Sitharaman is to present the country's budget for the financial year 2021-22.

The BSE Sensex plunged 588.59 points, or 1.26 percent, to 46,285.77 on January 29, while the Nifty50 fell 182.90 points, or 1.32 percent, to 13,634.60. According to pivot charts, the key support levels for the Nifty are placed at 13,498.67, followed by 13,362.73. If the index moves up, the key resistance levels to watch out for are 13,868.67 and 14,102.73.

US indices fell on Janaury 29 after COVID-19 vaccine data from Johnson & Johnson hurt sentiment, while a standoff between Wall Street hedge funds and small, retail investors weighed in.

The Dow Jones Industrial Average was down 404.60 points, or 1.32 percent, at 30,198.76, the S&P 500 was down 47.75 points, or 1.26 percent, at 3,739.63, and the Nasdaq Composite was down 139.68 points, or 1.05 percent, at 13,197.48.

Asian shares wavered on February 1 amid worries that problems with vaccine rollouts combined with new strains of COVID-19 would delay a global economic recovery that has already been baked into the market's rich valuations.

Trends on SGX Nifty indicate a negative opening for the index in India with a 41-point loss. The Nifty futures were trading at 13,679 on the Singaporean Exchange around 0730 hours IST.