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Inflation measured by the consumer price index (CPI) eased to 6.7% in July, from 7% in June, but was primarily led by volatile components such as vegetables, edible oil, gold, silver, petrol and diesel.

The S&P 500 opened lower by 10.78 points, or 0.25%, at 4,269.37, while the Nasdaq Composite dropped 50.56 points, or 0.39%, to 12,996.63 at the opening bell.

Brent crude futures fell $3.49, or 3.56%, to $94.66 a barrel by 0945 GMT after settling 1.5% lower on Friday. U.S. West Texas Intermediate crude was down $3.32, or 3.61% at $88.77, after a 2.4% drop in the previous session.

"I keep upgrading my strategies every three months. My target is simple. I want to get some extra return but even if I do not get some extra return I want less drawdowns. That’s how I manage my algo. My research is based on controlling my loss rather than looking for a profit."

Silver is an integral part of many green technologies. Since the world is moving towards a green economy, investment in decarbonization and electrification continues to grow. It is largely used in renewable energy solutions, especially in photovoltaic industries. Silver loadings are used in electric vehicles as well. These new and emerging applications are offering structural support to the metal.

“The biggest challenge is something that perhaps most people have not touched upon. It is the fact that some time in the next few years, we will have to do the delimitation of seats to the Lok Sabha. We are stuck at 543 seats based on the 1971 census that the population distribution has changed dramatically.”

Around 90% of international trade uses the US dollar as invoicing currency, making it one of the most powerful currencies in the world. This, in turn, gives the US Federal Reserve a prominent position in the financial markets.

“We cannot be a developed country if the bottom 40% of our population is excluded from financial services. The digital world, responsible use of data for cross selling will allow us this access to the bottom 40%; otherwise we will all only end up lending to ensuring and managing investments of the top 60%”

“Facing adversity with a sense of reality was something Rakesh Jhunjhunwala always believed in. How to admit reality and change your view with courage and conviction is a very great quality that he had and he was always a learner. You cannot get wise without being a learner, luck is not enough.”

Nifty futures open interest remained low near 1 crore shares and only marginal additions of long positions were seen last week. With subdued OI, a sharp move seems unlikely. On the other hand, banking space has seen significant long accumulation which has been the driver of recent up move in Nifty.