The Indian stock market is expected to open in the red as trends on SGX Nifty indicate a gap-down opening for the broader index in India with a loss of 231 points.
The BSE Sensex fell 366 points to 55,103 while the Nifty50 declined 108 points to 16,498 and formed Bearish Engulfing or Inside Bar kind of pattern on daily charts especially after Doji pattern formation in the previous session, indicating negative sentiment.
