The marker may edge lower in early trade on weak Asian stocks.

Key benchmark indices eked out small gains in choppy trade on Tuesday, 29 May 2012 as traders rolled over positions in the futures and options (F&O) segment from May 2012 series to June 2012 series. The near-month May 2012 derivatives contracts expire on Thursday, 31 May 2012. The BSE Sensex advanced 21.74 points or 0.13% to settle at 16,438.58, its highest closing level since 9 May 2012.

Foreign institutional investors (FIIs) bought shares worth a net Rs 90.50 crore on Tuesday, 29 May 2012, as per provisional figures. FIIs bought shares worth Rs 108.89 crore on Monday, 28 May 2012.

Asian shares slipped on Wednesday, hurt by fears that Spain's banking woes will push up the country's borrowing costs to unsustainable levels although falls were limited on hopes that Greece would stay in the euro zone and for China stimulus steps. Key benchmark indices in China, Indonesia, Singapore, Hong Kong, Japan, Taiwan and South Korea were down by 0.2% to 2.22%.

US stocks edged higher on Tuesday on reports that Greece would stay in the euro zone.