Market may open lower tracking weak Asian stocks:
``The market may open lower tracking weak Asian stocks. Asian stocks dropped after Japan`s machinery orders unexpectedly fell in October, and ahead of a European summit on the region`s sovereign debt crisis. US stocks rose, sending the Dow Jones Industrial Average to the highest level since October, amid optimism that European leaders will announce greater efforts to halt the debt crisis at a summit this week. Treasuries gained, commodities fell and the euro fluctuated. Back home, the government will announce the weekly food inflation numbers around noon,`` said SMC Global Research.
``The market is likely to open lower on Tuesday tracking weak Asian stocks after rating agency Moody`s cuts ratings, outlooks on nine European Union countries. Trading of S&P CNX Nifty futures on the Singapore stock exchange indicates a fall of 11 points at the opening bell,`` said the broking house Motilal Oswal.