Market Live Updates Today: The Indian stock market is expected to open in the green as trends on SGX Nifty indicate a positive opening for the index in India with a 39 points gain

The BSE Sensex climbed 247.79 points to 49,517.11 on January 12 while the Nifty50 finally crossed the 14,500-mark, up 78.70 points to 14,563.50. According to pivot charts, the key support levels for the Nifty are placed at 14,467.3, followed by 14,371.1. If the index moves up, the key resistance levels to watch out for are 14,625.2 and 14,686.9.

The benchmark S&P 500 closed barely higher on Tuesday while shares in smaller companies soared to record highs as investors favored more economically sensitive market segments as they bet on a recovery in 2021.

The Dow Jones Industrial Average rose 60 points, or 0.19%, to 31,068.69, the S&P 500 gained 1.58 points, or 0.04%, to 3,801.19 and the Nasdaq Composite added 36.00 points, or 0.28%, to 13,072.43.

Asian stocks opened mostly higher on Wednesday, tracking modest Wall Street gains as prospects of an eventual victory against coronavirus shored up recovery hopes, while tight supply expectations pushed oil prices to their highest in a year.

Markets were mixed with Japan's Nikkei 225 up 0.11%, Australia's S&P/ASX 200 down 0.1% and South Korea's KOSPI 0.64% higher.