Market may kickstart trading for the week on a subdued note on negative Asian stocks. Asian markets edged lower on Monday as concerns about the global economy and the debt crisis in Europe continued to weigh on investor sentiment.

Key benchmark indices snapped three-day winning streak on Friday after state-run India Meteorological Department (IMD) cut the expected quantum of total rainfall in the country for 2012. The BSE Sensex shed 60.05 points or 0.35% to settle at 16,972.51, its lowest closing level since 20 June 2012.

Foreign institutional investors (FIIs) sold shares worth a net 174.22 crore on Friday, 22 June 2012, as per provisional data from the stock exchanges. They had sold shares worth a net Rs 257.29 crore on Thursday, 21 June 2012, as per provisional data from the stock exchanges.

The next major trigger for the stock market is Q1 June 2012 corporate earnings, which will start trickling from the second week of July 2012. HDFC announces Q1 results on 11 July 2012. Bajaj Auto reports Q1 results on 18 July 2012.

Asian stocks declined today as concerns about the global economy and the debt crisis in Europe continued to weigh on investor sentiment. Key benchmark indices in Singapore, Japan, China, Taiwan, South Korea and Indonesia were down by 0.15% to 1.60%. Hong Kong's Hang Seng rose 0.15%.

US stocks ended higher on Friday, led by gains in bank shares. The Dow Jones Industrial Average rose 67.21 points, or 0.5%, to 12640.78. The Standard & Poor's 500 Index gained 9.51 points, or 0.72%, at 1,335.02. The Nasdaq Composite Index advanced 33.33 points, or 1.17%, at 2,892.42.