Rate holds gains and makes new high overnight; stops seen above weekly highs around the 1.4050 area. Tests support on pullback and holds for now. Lows likely remain secure. Reversal off weekly lows a positive technical but the volume needs to come up and I think the shorts have yet to bail as a group.

Traders report stops in-range adding for two-way action. Long-term tech resistance now at 1.5000 area likely to cap near term but stops are building above and the 1.5000 handle is a big psychological number. 23 year lows are very likely to hold on any break with long-term support at 1.3500 area now in play.

To protect IPTV services to BSNL customers, Verimatrix announced that it has provided its Verimatrix Video Content Authority System (VCAS) for IPTV.

BSNL, which rolls out IPTV in India together with Smart Digivision Private Limited (SDPL), eyes more than three million IPTV subscribers in 93 cities by the next three years.

BSNL’s service offerings consist of over 140 TV channels in addition to an on-demand movie library without any additional charge.

No new movies will be released across India after April 3, as the film makers could not settle their disputes with multiplex owners over sharing of box-office revenues.  

The rift has come after multiplex owners did not agree to their conditions of 50:50 equality in profits sharing for each movie to distributor and exhibitors, be it a small budget or a big budget film - independent of the star cast.

Markets have started off on a flat note with a negative bias because of weak mixed signals from the US and the Asian markets.

Later, Sensex went up into the positive zone and again dropped into the pessimistic zone to trade on a flat note.

With positive bias, second rung stocks also traded on a flat note.

While buying is seen in realty and metal stocks, selling pressure has emerged in IT counters.