Market Live updates today: The Indian stock market is expected to open on a cautious note as trends on SGX Nifty indicate a positive opening for the index in India with a 32 points gain.

The BSE Sensex jumped 437.49 points or 0.95 percent to 46,444.18 on December 23 while the Nifty50 rose 134.80 points or 1 percent to 13,601.10. According to pivot charts, the key support levels for the Nifty are placed at 13,482.37, followed by 13,363.63. If the index moves up, the key resistance levels to watch out for are 13,669.67 and 13,738.23.

Oil prices rose more than 2% on Wednesday, boosted by draws in U.S. inventories of crude, gasoline and distillates that lifted investors' hopes for some return in fuel demand.

Brent crude futures rose $1.12, or 2.2%, to settle at $51.20 a barrel, while U.S. West Texas Intermediate (WTI) crude futures rose $1.1, or 2.3%, to settle at $48.12 a barrel.