Market may open higher;
``The market may open higher, snapping recent losses if trading of S&P CNX Nifty futures on the Singapore stock exchange is of any indication. It indicate a gain of 18 points at the opening bell. Oil stabilized on Friday after a sharp reversal from a 2-1/2 year peak overnight, calming concerns that a surge in prices would hurt economic recovery. US crude oil futures for April 2011 were at USD 96.71 a barrel, down 57 cents, or 0.59%. As per provisional figures foreign funds sold shares worth Rs 27.02 billion and domestic funds bought shares worth Rs 10.29 billion on Thursday, Feb. 24, 2011,`` said the broking house, Geojit PNB Paribas.
US Treasury Assistant Secretary Anthony Ryan said on Monday there were signs that market liquidity was starting to return but it won't happen overnight and requires greater investor caution in future.In prepared remarks to a liquidity conference in New York sponsored by the World Research Group, Ryan said benchmark spreads were narrowing and issues of asset-backed commercial paper was rising.