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Sep 11, 2012, 08.44 AM IST
Bond markets are pinning their hopes on a fuel price hike, which will help reduce fiscal deficit. IIP is expected to come out at a weak 1% tomorrow, says Sandeep Bagla, ICICI Securities.
Sandeep Bagla, ICICI Securities said, "Bond markets are pinning their hopes on a fuel price hike, which will help reduce fiscal deficit. IIP is expected to come out at a weak 1% tomorrow. Consequently, there could be some profit-booking at higher levels, which could keep markets rangebound. The range for the day is seen between 8.15-8.20%."
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