``The market may open higher, snapping recent losses if trading of S&P CNX Nifty futures on the Singapore stock exchange is of any indication. It indicate a gain of 18 points at the opening bell. Oil stabilized on Friday after a sharp reversal from a 2-1/2 year peak overnight, calming concerns that a surge in prices would hurt economic recovery. US crude oil futures for April 2011 were at USD 96.71 a barrel, down 57 cents, or 0.59%. As per provisional figures foreign funds sold shares worth Rs 27.02 billion and domestic funds bought shares worth Rs 10.29 billion on Thursday, Feb. 24, 2011,`` said the broking house, Geojit PNB Paribas.
Market may open higher;