Market Live Updates Today: The Indian stock market is expected to open in the red as trends on SGX Nifty indicate a negative opening for the index in India with a 52 points loss.

The BSE Sensex rallied 452.73 points to 46,006.69 on December 22 while the Nifty50 climbed 137.90 points to 13,466.30.

The S&P 500 lost ground on Tuesday as concerns over a new variant of the coronavirus and disappointing economic data stole the thunder from Washington's passage of a long-awaited pandemic relief bill.

Oil dropped towards $50 a barrel on Tuesday, adding to losses from the previous session, as a mutant variant of the coronavirus in Britain revived concerns over demand recovery. Brent crude was down 60 cents, or 1.2%, at $50.32 a barrel by 11:58 a.m. EST (1558 GMT), while U.S. West Texas Intermediate (WTI) crude fell 72 cents, or 1.5%, to $47.25.

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