The market may edge lower in early trade on weak Asian stocks. Asian markets fell Friday after a flood of action by central banks highlighted the depth of concern for the global economic outlook, and a key U.S. jobs report due later today kept investors cautious.

Key benchmark indices edged higher for the third consecutive trading session on Thursday, 4 July 2012 after data showed that foreign funds remained buyers of Indian stocks on Wednesday 4 July 2012. Expectations of measures from the government for revival of the slowing economy aided gains on the domestic bourses. The BSE Sensex rose 75.86 points or 0.43% to settle at 17,538.67, its highest closing level since 3 April 2012.

Foreign institutional investors (FIIs) bought shares worth a net Rs 429.22 crore on Thursday, 5 July 2012 as per provisional figures on the stock exchanges.

Asian stocks fell for a second day on Friday as interest-rate cuts in Europe and China failed to assure investors the moves will be enough to boost economic growth. Key benchmark indices in China, Hong Kong, Indonesia, Japan, South Korea, Singapore and Taiwan fell by between 0.01% to 0.79%.

US Stocks edged lower on Thursday as economic stimulus measures by major central banks failed to excite investors before the US jobs report expected to show tepid growth. The US Labor Department will release the influential US non-farm payroll figures and the unemployment rate for June 2012 today, 6 July 2012.