Market Live Updates Today: The Indian stock market is expected to open in the red as the trends on SGX Nifty indicate a gap-down opening for the index in India with a 218 points loss.

The S&P BSE Sensex closed above 51,000 mark, rising 1,147.76 points, or 2.28 percent, to 51,444.65 on March 3 while the Nifty50 rallied 326.50 points, or 2.19 percent, to 15,245.60.

According to pivot charts, the key support levels for the Nifty are placed at 15,069.87, followed by 14,894.13. If the index moves up, the key resistance levels to watch out for will be 15,347.27 and 15,448.93.

The Nasdaq ended sharply lower on Wednesday after investors sold high-flying technology shares and pivoted to sectors viewed as more likely to benefit from an economic recovery on the back of fiscal stimulus and vaccination programs.

The Dow Jones Industrial Average fell 0.39% to end at 31,270.09 points, while the S&P 500 lost 1.31% to 3,819.72. The Nasdaq Composite dropped 2.7% to 12,997.75.

The Japanese yen hit a seven-month low on the dollar on Thursday as hopes that vaccine distribution and more government stimulus will drive the U.S. economy into a solid rebound lifted the greenback and benchmark Treasury yields.

But the creep up in benchmark yields may weigh on Asian stocks, as wary investors recall last week's sell-off in government bonds that caused yields to spike, spooking equity markets and causing shares to tumble. By early Thursday, Australian shares had lost 1% and E-mini S&P futures slipped 0.25%.