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The Indian stock market is expected to open flat following mixed Asian cues. Trends on SGX Nifty indicate a flat opening for the index in India with a 19 points loss.

The BSE Sensex closed above 39,000 levels, up 287.72 points at 39,044.35 on September 15 while the Nifty50 jumped 81.80 points to end above the crucial 11,500 mark, at 11,521.80. According to pivot charts, the key support levels for the Nifty is placed at 11,464, followed by 11,406.2. If the index moves up, the key resistance levels to watch out for are 11,557.8 and 11,593.8.

U.S. stocks ended sharply higher on Monday as signs of progress in developing a COVID-19 vaccine and a spurt of multibillion-dollar deals lifted investor optimism.

The Dow Jones Industrial Average rose 327.69 points, or 1.18%, to 27,993.33, the S&P 500 gained 42.57 points, or 1.27%, to 3,383.54 and the Nasdaq Composite added 203.11 points, or 1.87%, to 11,056.65.

Asian shares looked set to open lower on Tuesday as investors shifted focus to upcoming data and central bank meetings although positive developments around potential COVID-19 vaccines and increased deal activity are likely to stem losses.

Australia's S&P/ASX 200 futures were down 0.22% and Hong Kong's Hang Seng index futures lost 0.08%. Japan's Nikkei 225 futures were flat.

Trends on SGX Nifty indicate a positive opening for the index in India with a 14 points gain. The Nifty futures were trading at 11,468 on the Singaporean Exchange around 07:30 hours IST.