In a significant move, the city police has imposed a fine of Rs 5,000 on the event organizer of Preity Zinta’s birthday party at her residence in Khar(W) for noise pollution.

The Bollywood actress invited a trouble by partying loud into the wee hours of 1st February (Sunday). The neighbors of the actress complained that loud music was played at the birthday bash late into the night.

Rate blasts through the 1.3030 key S/R area; likely on the way to the recent 1.3300 area top. Follows GBP in two-way action today then rebounds, cross-spreaders likely pressure as crosses are unwound during the day.

Two-way action overnight in light volume as stops get triggered under 1.2850 area and below but sellers run out on support at the 1.2800 handle. Close back above 1.3030 argues for another test of the 1.3300 area weekly highs. Downside bias likely running out as rate held solid support numbers around the 1.2700/20 area.

Rate rallies and takes EURO with it; traders note stops and active buying above the 1.4300 area. Any correction a buying opportunity now as the rate begins to squeeze shorts.

23 year lows are very likely to hold on any break. Possibly unwinding of GBP crosses pressuring the rate back to and above the 1.4300 handle near-term. Light stops seen on the move under 1.4200 with likely active selling dropping into lows overnight but the rate recovers New York suggesting the bulls are in control.

High volatility was the rule today as the majors advanced sharply against the Greenback as mixed data and stops in thin conditions exaggerated moves. Despite poor earnings from US automakers equities were able to hold onto slight gains into the end of the day helping to hold both EURO and USD/JPY off their lows and in the case of EURO to trade above previous resistance in the 1.3030 area for a high print 1.3037 before trading a full handle lower mid-day.

Fever 104 FM has been declared as the exclusive and official radio partners of the Delhi Daredevils.

Confirming the development, Neeraj Chaturvedi, Station Head Fever 104 FM, said, “We are extremely pleased to continue our partnership with GMR Sports (owners of Delhi Daredevils). Like last year, apart from the coverage, we are working on new initiatives for the listeners.”

The Sensex continued to trade positive this afternoon on account of heavy buying action witnessed in stocks from sectors like oil & gas, telecom, banking, technology and metal.

The buying impetus assisted the markets to remain in positive zone despite some volatility.

Shares of metal companies were in high demand following a rally in commodities in Asian markets on expectations that commodities may have bottomed out.

Midcap and small cap indices were following the same trend, and gained 0.46% and 1.13% respectively.