Market may open lower on weak Asian stocks:
``The market may open lower on weak Asian stocks. Asian stocks dropped for the first time in four days and the euro weakened before a meeting of Europe`s leaders to discuss their sovereign-debt crisis. Chinese shares slid in the first day of trading after the Lunar New Year holiday. US stocks on Friday finished mostly lower, but a late surge in financial shares helped the S&P 500 preserve a fourth week of gains after the White House said it would expand a foreclosure-prevention program and hope grew for a Greek debt-deal,`` said SMC Global Research.
``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.