Pri-Market Commentary!

Today,we expect the market to open flat to slightly up. Things may turn lackluster and choppy later on. The overall the mood is much brighter on the street and odds of a major downside are pretty slim. Still, one needs to be a little careful as there may be some cooling from higher levels.

Today, the Fed will announce its policy on interest rates and provide some clues on the outlook for the US economy. Wall Street expects a 25 bps cut in the fed funds rate. Some experts also see the Fed signaling status quo for some time after today's decision. There is also a slim chance of no revision in rates. The Bank of Japan is also likely to keep its key rate unchanged today.