The market may open lower on weak Asian stocks. Asian stocks fell today after minutes from the Federal Reserve's latest interest-rate setting meeting showed less need for more asset buying

Reliance Industries (RIL) and FMCG major Hindustan Unilever have reportedly entered into tie-up to collaborate in setting up a chain of beauty and wellness formats across the country. Reports stated that the beauty and wellness formats will be started in Reliance Hypermarkets in May.

Steel makers will be in focus on reports the domestic steel makers have raised the prices for both long and flat products by up to Rs 1500 a tonne, to partially offset the rising production cost.

Key benchmark indices logged gains for the third consecutive trading session on Tuesday, 3 April 2012 with data showing buying of Indian stocks by foreign institutional investors (FIIs) for the second day in a row supporting sentiment. The Sensex jumped 119.27 points or 0.68% to settle at 17,597.42, its highest closing since 21 March 2012.

Foreign institutional investors (FIIs) bought shares worth Rs 332.47 crore on Tuesday, 3 April 2012, as per provisional data from the stock exchanges. Their inflow totaled Rs 1541.06 crore in three sessions from 30 March 2012 to 3 April 2012, as per provisional data from the stock exchanges.

The stock market remains closed tomorrow, 5 April 2012 on account of Mahavir Jayanti and again on Friday, 6 April 2012 on account of Good Friday.