Market may open low

The market is likely to open on a negative note tracking weak Asian markets and may exhibit some volatile moves in later part of the day. Lack of clarity and FIIs remaining net sellers in equities may also hold investors from taking fresh positions. Axis Bank, IFCI, Indian Bank, Jaiprakash Associates, Petronet LNG, TCS, UCO Bank and Welspun Gujarat are expected to announced their quarterly numbers.

In the US markets, the broader Dow Jones scaled up on Friday by 78 points at 14093 on a potential merger in the software industry, while the tech-heavy Nasdaq gained by seven points to close at 2806.

Crude oil prices in the international market moved up, with the Nymex light crude oil for November series gaining by 61 cents to close at $83.69 a barrel. In the commodity segment, the Comex gold for December delivery slipped by $2.90 to settle at $753.80 a troy ounce.