The market may edge lower on weak Asian stocks. Asian markets declined today, 9 April 2012 on the back of disappointing US jobs data.

Key benchmark indices snapped three-day winning streak on Wednesday. 4 April 2012, as data showing slowdown in growth in the services sector in March 2012 and weak global stocks hurt sentiment. The BSE Sensex lost 111.40 points or 0.63% to settle at 17,486.02, its lowest closing level since 2 April 2012.

Foreign institutional investors (FIIs) bought shares worth Rs 45.81 crore on Wednesday, 4 April 2012, as per provisional data from the stock exchanges. Their inflow totaled Rs 1586.87 crore in four sessions from 30 March 2012 to 4 April 2012, as per provisional data from the stock exchanges.

The next major trigger for the market is Q4 March 2012 and year ending March 2012 (FY 2012) earnings. Investors will focus on the guidance provided by the management for the year ending March 2013 (FY 2013) to gauge the earnings outlook.