Rate rallies off technical support on G-20 news; potential short-squeeze with more likely coming. Cross spreaders continue to hold interest near-term; profit-taking likely to result in a squeeze on the further strength. Rate rejecting trade inside previous wick is a sign of bid pressure taking the lows; likely some spillover from EURO.

Thin conditions continue to exacerbate moves. Some stops noted on the break back over the 1.4850 area and the rate continues two-way on the move. Technical trade overnight as traders decide near-term action with little to go on but the charts. Resistance now at the 1.5000 area likely to cap near-term. BOE rate cut next month increasingly likely but that is likely completely factored in at this point.

Kobian, one of the well-known vendors in the IT hardware sector, announced that it has been awarded ‘Best PC Casing (Cabinet)’ and ‘Best Speaker for its Mercury iXA range of Speakers’  by VARIndia at its Annual Star Nite Awards, held in the Hotel Eros InterContinental on Nov 14, 2008.
 
IXA speaker range is the fresh range rolled out by the company. The lifestyle product range from Mercury has been branded as iXA with Sub Woofers and Home Theatre systems being the first of the range announced in India.
 

The indefinite strike by thousands of executives of public sector oil companies from Tuesday till December 2, has been deferred by one week.

In a press release, Amit Kumar, President, Oil Sector Officers Association (OSOA), said an understanding had been reached between the association and the Union cabinet. He said that the association has received assurances from the central government that their demand for wage revision will be taken up for consideration by the Union Cabinet in this period.

“The Cabinet will meet on November 20 to take up the proposal for higher wages for PSU staff. In view of this, we have deferred the strike by one week,'' said Kumar.

In order to show their unity with Sri Lankan Tamils and also to protest against the unending Lankan civil war, an eight-hour fast was observed by top South Indian actor Vijay and his fan organizations on Sunday.

However, it was a silent protest with no inflammatory speeches.

Veteran director and Vijay’s father S A Chandrasekar inaugurated the agitation.

Powered by a good batting performance, Lahore Badshahs registered a comprehensive eight-wicket win over Hyderabad Heroes in the third and crucial final of the second edition of the ICL 20-20 championship trophy at the Sardar Patel Stadium. With this, Lahore Badshahs lifted the the second edition of the ICL 20-20 championship trophy. Man of the Match Imran Nazir scored an unbeaten strutting 44-ball 111.