Ace Veteran Bollywood superstar Dilip Kumar turned 86 on December 11, 2008.

According to sources, Dilip Kumar, who took birth on December 11, 1922 in Peshawar, Pakistan, is widely acknowledged for playing tragedy roles in flicks of 50s and 60s like Devdas, Deedar, Amar and Madhumati, which earned him the title of “Tragedy King”.

His birth name Muhammad Yusuf Khan was turned to screen name Dilip Kumar by Devika Rani, a leading actress of 40s and wife of Himanshu Rai (founder of Bombay Talkies).

Rate continues to hold above previous support. Spillover from GBP helps hold the rate above support at 1.2950 area but lack of follow-through above 1.3050 a caution to the bulls. Buyers are willing on dips. Possible reversal now in play but the rate needs to firm above the 1.3050 area now that stops are cleared in my view.

Bids seen on dips traders say. Dips likely to be bought hard now that sellers couldn't make a stand over 1.3000 with confidence on the third try this week; stops at 1.3080 and above likely the next target. Aggressive traders can ADD to open longs again.

Despite rally in EURO rate holds near opening levels, firms after yesterday's drop. Rate continues to hold support at 1.4740. More upside now due within 24 hours if dips continue to be bought above the 1.4720 area. Close near the 1.4850 area or above will confirm willing buyers on the dips; might have to wait for tomorrow.

Aggressive traders can look to ADD to open longs anytime looking for a push through and a close back above 1.5000. Some spillover from EURO likely. Good bids reported but supply seen from semi-official names overnight.

The USD lost ground today after a mixed open this morning; traders note that volumes remained lighter but there was no doubt which side the orders were on. After a slightly higher open in Equities this morning the prospects for the USD tracked the rise and fall in Equities during the day; turning lower into mid-day stocks posted losses before recovering to trade back through the opening range. The majors tracked the rise and fall through the day ultimately to end better on the day but off the traded highs.

Godrej Consumer Products Ltd (GCPL) acquired the remaining 50% stake in Godrej SCA Hygiene (GSH) from its joint venture partner, SCA Hygiene Products of Sweden. The transaction will make the joint venture company, which owns the 'Snuggy' brand of baby diapers, a 100 per cent subsidiary of GCPL.

December does not have its regular feel with maximum temperature on Wednesday touching 27.9 degrees Celsius, four notches above normal. However, the Met department predicts a drop in temperature from Thursday as wind patterns in the region are set to change.