Market Live Updates Today: Trends on SGX Nifty indicate a gap-down opening for the index in India

The Indian stock market is expected to open in the red as trends on SGX Nifty indicate a gap-down opening for the index in India.

The BSE Sensex was down 243.62 points to close at 47,705.80 on April 20 while the Nifty50 fell 63.10 points to 14,296.40. According to pivot charts, the key support levels for the Nifty are placed at 14,160.13, followed by 14,023.87. If the index moves up, the key resistance levels to watch out for are 14,479.83 and 14,663.27.

Wall Street rebounded on Wednesday after a two-day decline in a broad rally as a tilt toward stocks poised to benefit from a recovering economy offset Netflix Inc's sell-off after its disappointing results a day earlier.

Asian markets rose in Thursday's morning trade following an overnight bounce on Wall Street. The Nikkei 225 jumped 1.2% in early trade. The Topix index gained 1.13% while the South Korea's Kospi advanced 0.41%.