The Indian stock market is expected to open in the red following weak global cues. Trends on SGX Nifty indicate a negative opening for the index in India with a 60 points loss.
The Sensex plunged 599.64 points, or 1.48 percent, to close at 39,922.46 on October 28 while the Nifty fell 159.80 points, or 1.34 percent, to 11,729.60. According to pivot charts, the key support levels for the Nifty is placed at 11,633.13, followed by 11,536.67. If the index moves up, the key resistance levels to watch out for are 11,877.73 and 12,025.87.