The market may edge higher in early trade tracking mostly higher Asian stocks.

The market may remain volatile this week 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 surged on Monday, 28 May 2012 as world stocks rose after opinion polls in Greece showed a lead for a party favoring the country's economic bailout in upcoming elections and amid expectations for a policy stimulus in China to support growth. The BSE Sensex jumped 199.02 points or 1.23% to settle at 16,416.84, its highest closing level since 10 May 2012.

Foreign institutional investors (FIIs) bought shares worth a net Rs 108.89 crore on Monday, 28 May 2012, as per provisional figures.

Asian stocks were mostly higher on Tuesday. Key benchmark indices in China, Hong Kong, Taiwan and South Korea were up by 0.12% to 2.21%. Key benchmark indices in Indonesia, Singapore and Japan fell by between 0.07% to 0.6%.

US markets were closed for the Memorial Day holiday on Monday.