The market may open lower on weak Asian stocks. Asia stocks fell in choppy trade Thursday, as investors looked ahead to European Central Bank and Bank of England meetings expected to unveil more easing.

Key benchmark indices edged higher for the second straight day on Wednesday, 4 July 2012 after data showed that foreign funds remained buyers of Indian stocks on Tuesday, 3 July 2012. The BSE Sensex rose 37.10 points or 0.21% to settle at 17,462.81, its highest closing level since 19 April 2012.

Foreign institutional investors (FIIs) bought shares worth a net Rs 239.19 crore on Wednesday, 4 July 2012, as per provisional data from the stock exchanges.

Asia stocks fell in choppy trade Thursday, as investors looked ahead to European Central Bank and Bank of England meetings expected to unveil more easing. Asia markets took their lead from a weaker European session, with US markets closed for the July Fourth holiday. Key benchmark indices in China, Hong Kong, Indonesia, Japan, South Korea, Taiwan and Singapore fell by between 0.08% to 1.46%.

US market were closed on Wednesday, 4 July 2012, for Independence Day holiday. Automated Data Processing (ADP) will release employment report on US private-sector payroll growth in June 2012 today, 5 July 2012. ISM will also release today US services-sector index for June. On Friday, 6 July 2012, the US Labor Department will release the influential US non-farm payroll figures and the unemployment rate for June 2012.