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Aug 07, 2012, 08.39 AM IST
Markets are likely to be rangebound in the absence of any major global cues, says Sandeep Bagla, ICICI Securities.
Sandeep Bagla, ICICI Securities said, "Markets are likely to be rangebound in the absence of any major global cues. All eyes on Thursday's IIP data, which is likely to be weak. The market has a lot of supply to contend with this week in form of state loans and government bonds. The range for the 10-year yield is seen between 8.20-8.25%."
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