Global funds net sold INR 32.5 billion of Indian equities in the previous trading session.

Shanghai has launched an action plan to accelerate development of new-generation intelligent manufacturing. The city will implement four major projects and 19 priority tasks to deepen integration of artificial intelligence and manufacturing and speed construction of a new-generation intelligent manufacturing system. The move builds on existing initiatives such as the Smart Factory Pilot Plan and AI+Manufacturing to raise innovation and application levels. Implementation will coordinate work across supply capacity, integration and innovation, factory construction and the industry ecosystem.

Spot gold opened slightly lower on Monday, trading at $4,193/oz. Spot silver opened slightly higher, at $60.85/oz.