The market may open lower on weak Asian stocks.

IT major, Tata Consultancy Services (TCS) unveils FY 2012 results today, 23 April 2012.

Index heavyweight Reliance Industries (RIL) after market hours Friday, 20 April 2012, reported 21.2% fall in net profit to Rs 4236 crore on 16.7% rise in turnover to Rs 87833 crore in Q4 March 2012 over Q4 March 2011.

Cairn India after market hours on Friday, 20 April 2012, reported 11.04% fall in consolidated net profit to Rs 2186.23 crore on 1.37% rise in total income to Rs 3743.61 crore in Q4 March 2012 over Q4 March 2011.

The Bombay Stock Exchange (BSE) said that pharma major Dr Reddy's Laboratories will replace realty major DLF in the benchmark 30-share Sensex. The change will come into effect from 11 June 2012.

Key benchmark indices dropped amid intense volatility on last trading day of the week on Friday, 20 April 2012 on profit booking after four-day gains. The BSE Sensex was down 129.87 points or 0.74% to 17,373.84.

Foreign institutional investors (FIIs) bought shares worth Rs 314.04 crore on Friday, 20 April 2012, as per provisional data from the stock exchanges.

The market may remain volatile this week as traders roll over positions from the near-month April 2012 series to May 2012 series. The April 2012 derivatives contracts expire on Thursday, 26 April 2012.

Asian stocks edged lower amidst volatility on Monday, 23 April 2012. Key benchmark indices in China, Hong Kong, Indonesia, Japan, Singapore, South Korea and Taiwan were down by between 0.08% to 0.84%.

US stocks settled mixed on Friday amidst better-than-forecast quarterly reports from Microsoft and General Electric.