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Markets to disregard Jan IIP, Budget; Hike in rural spend bad: Religare

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Dr.Tirthankar Patnaik, Director & Strategist - Institutional Research at Religare Capital Markets Limited says that a cut in STT is likely to be positive for the markets in the short term although markets have started discounting budgets over the last couple of years. "However, hike in rural spending in the Budget may be negative for markets," he adds.