• The market may snap last six days losses on positive Asia after Federal Reserve left interest rates unchanged and signaled that low rates would remain for the extended period. However, equities are likely to remain volatile as traders roll positions in the derivative segment from January 2010 series to February 2010 series ahead of the expiry of the near-month January 2010 contracts today, 28 January 2010.

• The government will today unveil data on some wholesale price indices for the year through 16 January 2010 viz. the food price index, the primary articles index and the fuel price index.

• Among prominent results, Cipla and Tata Steel will announce their quarterly result today.

• The Reserve Bank of India need not take monetary measures to contain food inflation, the farm minister Sharad Pawar said on Wednesday. Sharad Pawar also said the wholesale sugar prices have already come down and retail prices may also follow suit soon.

• The marketmen expect 50 basis point increase in the cash reserve ratio (CRR), or the proportion of deposits banks must keep with the Reserve Bank in Reserve Bank of India (RBI)’s quarterly monetary policy review scheduled to be announced on Friday, 29 January 2010.

• Asian stocks gained on Thursday after Federal Reserve left interest rates unchanged at record low.

• US stocks eked out gains led by tech stocks and financials on Wednesday, which rebounded amid relief that the Fed’s statement offered no surprises. Stocks had languished for much of the day amid some disappointing earnings outlooks and an unexpected drop in home sales but recovered in the late trade.