Weekahead - Markets seen in tight ranges ahead of budget
REUTERS - Indian markets are likely to tread water in the run-up to the budget on Saturday.
Benchmark 10-year bond yield seen in a 7.65 to 7.75 pct range.
Traders say movement in global crude oil prices to be key for direction for bonds.
The partially convertible rupee seen moving in a 61.90 to 62.50 per dollar range next week.
Near-term range for Nifty seen between 8,700 to 9,000.
Further progress on coal block auctions may stoke expectations of higher public expenditure from federal budget, equity traders say.
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EVENTS/FACTORS TO WATCH:
Thursday: Railway budget
Fridya: India infrastructure output for January
Saturday: Union budget starting 11 am IST