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GILTS
Bond prices fell in intra-day trades on Thursday. The 11.75 per cent 2001 was dealt at Rs 102.20 (Rs 102.10/20) with the 11.99 per cent 2009 at Rs 103.47 (Rs 103.35). "Prices were steady in early trades with an upward bias in as profit-taking over the last two days seemed to taper off", a dealer with a primary dealership said. However, there was profit-taking at higher levels and bond prices slipped. The 11.75 per cent 2001 had sellers at Rs 102.18 in later day deals with the 11.99 per cent 2009 going at Rs 103.38. "Steady call rates had no impact on bond prices... the rally seen last week is over. Most believe that liquidity will tighten in January", a dealer with a US-based bank said. In the longer-dated stocks, the 12.32 per cent 2011 between Rs 105.10 and Rs 105.15 with the 12.40 per cent 2013 was quoted between Rs 105.35 and Rs 105.45.FORECAST: Bond prices seen gaining a shade on Friday.Compiled by Raghu Mohan Copyright © 1999 Indian Express Newspapers (Bombay) Ltd.
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