Market Live Updates Today: Trends on SGX Nifty indicate a negative opening for the index in India with a 60 points loss.

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 60 points loss.

The BSE Sensex climbed 91.84 points to 49,584.16 on January 14 while the Nifty50 rose 30.70 points to 14,595.60. According to pivot charts, the key support levels for the Nifty are placed at 14,505.47, followed by 14,415.33. If the index moves up, the key resistance levels to watch out for are 14,651.77 and 14,707.93.

Wall Street closed lower on Thursday after making a u-turn toward the end of the session as reports emerged about U.S. President-elect Joe Biden's pandemic aid proposal following earlier data that showed a weakening labor market.

Asian shares rose on Friday, brushing off a late Wall Street dip as expectations of large U.S. stimulus under President-elect Joe Biden shored up sentiment while oil prices perked up on upbeat Chinese trade figures.

Oil prices edged higher on Thursday, boosted by a weak dollar and bullish signals from Chinese import data but pressured by renewed worries about global oil demand due to surging coronavirus cases in Europe and new lockdowns in China.

Brent crude oil futures rose 36 cents, or 0.6%, to settle at $56.42 a barrel. U.S. West Texas Intermediate (WTI) ended 66 cents, or 1.3%, higher at $53.57.