India: Trading Steady Before Diwali

Cautious sentiment amid several bankruptcy rumors. Polished trading steadyas dealers fill orders before the November 7 Diwali break. Consistent demandfor SI-I1 clarities in all categories. Chinese buyers drive improvement inmelee. Sales-and-distribution offices closing for one week over Diwali, andsmaller Surat factories shutting for three-to-four weeks.

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