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India is planning to auction its third diamond mine along with three gold mines and one bauxite mine in Chhattisgarh next month. The auction of the Basna II Block in Chhattisgarh will take place on November 10, according to sources. The country s diamond output has declined in recent years due to restrictions on production. Meanwhile, gold prices are rising, which may make the auction of the gold mines more lucrative. Under the current regulatory framework, the state government auctions minerals, with the revenue being used in the respective states. ....
Union Home Minister Amit Shah accused the Congress of promoting Naxalism and claimed that incidents of Naxal violence have decreased by 52% under the Modi government. He urged people to vote for the BJP in Chhattisgarh, promising to eradicate the Naxal menace. Shah warned that if the Congress comes back to power, development funds will be diverted to Delhi. ....
India VIX was up by 4.24% from 10.61 to 11.07 levels on Monday. Volatility slightly moved up after the cool-off in the last four sessions and brought some discomfort to the bulls in the market. ....
For a further up-move, the index needs to close above a bearish gap created on September 21 in the 19,850-19,900 zone for a move towards the 20,000 mark, whereas on the lower side, the immediate support will be at 19,600, followed by 19,500, experts said ....