The market is likely to see a higher start on positive Asian stocks.

The stock market may remain volatile this week as traders roll over positions from the near-month June 2012 series to July 2012 series. The June 2012 derivatives contracts expire on Thursday, 28 June 2012.

Key benchmark indices logged small gains on Tuesday after seeing wild gyrations either ways throughout the day as European stocks rose in choppy trade and as US index futures indicated a positive start for US stocks later in the global day. The BSE Sensex advanced 24.42 points or 0.14% to 16,906.58, its highest closing level since 22 June 2012.

Foreign institutional investors (FIIs) bought shares worth a net Rs 13.03 crore on Tuesday, 26 June 2012, as per provisional data from the stock exchanges.



Most Asian stocks rose today even as investors preferred to stay on sidelines ahead of a crucial European Summit to handle regions debt crisis. Key benchmark indices in Singapore, Japan, Taiwan, Hong Kong and Indonesia were up by 0.06% to 0.87%. , Key benchmark indices in South Korea and China were down 0.26% and 0.16% respectively.

US markets ended higher on Tuesday as a sharp rise in Spanish borrowing costs and weak US consumer data kept investors away from risky assets ahead of the European leaders' summit later in the week. The Dow Jones Industrial Average rose 32.01 points, or 0.26%, to 12,534.67. The S&P 500 Index gained 6.27 points, or 0.48%, to 1,319.99. The Nasdaq Composite Index gained 17.90 points, or 0.63%, to 2,854.06.