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 30-points gain.
On October 21, Sensex fell 456 points to 61,260 and the Nifty50 corrected 152 points to 18,266.60. Auto, FMCG, metal, pharma and IT stocks pulled the market down. The Nifty50 formed a bearish candle on the daily charts as the closing was lower than opening levels. The selling pressure was seen more in broader markets than benchmarks for the second consecutive session as the Nifty Midcap 100 and Smallcap 100 indices were down more than 2 percent each.