Market may open lower on weak global markets:
``The market may open lower on weak global markets. Asian stocks snapped a four-day drop and the yen fell as corporate profits beat estimates and South Korea`s consumer confidence rose to an 11-month high. The US markets closed mixed, ending off their session highs ahead of the FOMC meeting announcement. Also, Apple reported quarterly earnings that beat Wall Street`s expectations, sending its shares higher in extended-hours trading. Wipro, Yes Bank, Zensar Tech, STER, BEL, Indiabulls Real Estate and LIC Housing will announce its quarterly result today,`` said SMC Global Research.
Markets were trading near their day lows, tracking fall in overnight global markets and Asia, as the weakening rupee coupled with the MET department's forecast of deficient monsoon rains dampened investor sentiment.