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“Large and mid cap IT companies will remain in focus the next week as Q1FY22 result season commences in India. Investors are therefore advised to look for any short pullbacks post earnings as an opportunity to enter the IT sector,” said Nirali Shah, Head of Equity Research, Samco Securities. Here are key factors that will steer the market next week: Q1 earnings: The first quarter earnings season will formally begin with a few companies scheduled to announce their numbers. This includes names like Avenue Supermart, Indocity Infotech, Delta Corps and USA’s IT services companies registere...

The XAU/USD pair moved sideways at the start of the week as the trading conditions remained thin due to the Memorial Day holiday in the US. On Tuesday

6/2/2021 SINGAPORE, June 3 (Reuters) - Chicago corn futures gained more than 1% on Thursday, recouping some of the previous session's losses, with concerns over dry U.S. weather and strong demand underpinning prices. Soybean oil rose to a 10-year high on worries over global edible oil supplies, while soybeans climbed for a third consecutive session. FUNDAMENTALS * The most-active corn contract on the Chicago Board of Trade (CBOT) rose 1.3% to $6.83-1/2 a bushel, as of 0043 GMT, after dropping 2% on Wednesday. * Soybean oil futures added 1.5% to hit their highest level since 2011 and soybeans ...

Read more about May Services PMI shrinks to 46.4 vs 54 in April; lowest level since Aug on Business Standard. Overall demand contracted at the sharpest rate since August, with foreign demand shrinking at the fastest pace since November

Reuters 3 minute read A waiter walks past tables that have been blocked to maintain social distancing at restaurant after they reopened amidst the spread of the coronavirus disease (COVID-19) in Mumbai, India, October 8, 2020. REUTERS/Francis Mascarenhas/File photo Activity in India's dominant services industry contracted in May for the first time in eight months as strict lockdowns to curb the second wave of COVID-19 dampened demand, prompting firms to cut jobs at the fastest pace since October, a private survey showed. Despite a recent slowdown in reported infections, the South Asian natio...