Market may open higher on firm Asian stocks:
``The market may open higher on firm Asian stocks. US stocks rose, rebounding from last week`s losses, as Federal Reserve chairman Ben S. Bernanke said accommodative policy is still needed and investors speculated the European Union will increase the size of its bailout fund. Treasuries pared losses, while commodities climbed. The market may remain volatile this week as traders roll over positions from the near-month March 2012 series to April 2012 series. The March 2012 derivatives contracts expire on Thursday, Mar. 29, 2012,`` said SMC Global Research.
Most Asian stock markets rose Thursday after another sharp US interest rate cut but Japan's rally aside, gains were modest due to worries that a US economic recession still looms.