The market may open slightly lower tracking mostly lower Asian stocks.

The market may remain volatile in the near term as traders roll over positions from the near-month May 2012 series to June 2012 series. The May 2012 derivatives contracts expire on Thursday, 31 May 2012

Key benchmark indices settled marginally lower after intraday volatility on Friday, 25 May 2012. The BSE Sensex was down 4.48 points or 0.03% to 16,217.82.

Foreign institutional investors (FIIs) sold shares worth a net Rs 623.77 crore on Friday, 25 May 2012, as per provisional figures. FIIs sold shares worth Rs 2443.23 crore on nine sessions from 15 May 2012 to 25 May 2012 as per provisional figures.

Asian stocks were mostly lower on Monday in choppy trade. Key benchmark indices in China, Hong Kong, Singapore, Indonesia, and Japan were down by 0.01% to 5.23%. Taiwan's Taiwan weighted rose 0.38%.

US stocks eased slightly on Friday as Spain's deteriorating finances and a possible Greek exit from the euro weighed on investor sentiment more than an upbeat report on US consumer confidence. The Thomson Reuters/University of Michigan's final reading on the overall index on consumer sentiment rose to 79.3 from 76.4 in April, topping forecasts for 77.8 and an initial May reading of the same.