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.

The Sri Lankan selectors had selected Tillakaratne Dilshan as the skipper for the Tuesday’s Twenty20 match against India next week.

Middle-order hard-hitting batsman Chamara Kapugedara has been selected as the vice-captain for the match.

Controversial fast bowler Lasith Malinga has been included to the 15 man squad. Due to a knee injury, Malinga had remained out for almost a year from the team. The fast bowler played his last match in February 2008 in an ODI against Australia in Melbourne.

Former Indian middle-order prolific batsman Ajay Jadeja has added another feather to his cap. The former cricketer has made his debut as a professional golfer at the PGTI Players Championship. The event will be played from February 3 to 6.

On his debut, Jadeja carded one-under 69 to be tied 12th along with the likes of Shamim Khan and Harendra Gupta. Jadeja was penalized by one stroke in the first hole. However, the former Indian ODI skipper left behind the seasoned S.S.P. Chowrasia.