'This looks like a long-term bear market and there could be mounting losses in the near-term,' says Devangshu Datta.
About 60 naxalites had camped at Kasampalli in south Gadchiroli when two groups of C-60 commmando units of police reached there Wednesday and launched an offensive.
Ten people including three police commandos were killed on Thursday in two separate attacks by Maoists in Maharashtra and Bihar. The three commandos, who were jawans of C-60 Commando Force, lost their lives in a landmine blast triggered by Maoists in a forest area in Gadchiroli on Maharashtra border adjoining Chhattisgarh in the first major attack in the area in several months, local police control room sources said.