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News, I read on 1st June

1. Mutual funds have invested just Rs 1,230 crore in stock markets during the lockdown and industry experts believe they are still waiting for a good "entry point" and maintaining high liquidity
https://www.moneycontrol.com/news/business/mutual-funds-invest-rs-1230-crore-in-equities-during-lockdown-keeping-high-liquidity-for-possible-redemptions-5339601.html  

2. Commerce and Industry Minister Piyush Goyal has asked pharmaceutical companies to explore export opportunities in untapped markets of Russia and Eastern European nations.
https://in.finance.yahoo.com/news/goyal-asks-pharma-firms-explore-133208242.html 

3. The Department of Telecom has called a meeting of telecom equipment makers, to push electronics manufacturing in the country with special focus on the mobile devices segment.
https://in.finance.yahoo.com/news/dot-meet-telecom-gear-makers-151352221.html

4. As nationwide lockdown eases partially in June, stock markets will focus on reopening of economy while pace at which demand is restored to normalcy will be critical

5. The Indian economy is on course for a full-year contraction this fiscal, as recovery prospects from COVID-19 related disruptions remain “clouded”, according to DBS Bank India economist Radhika Rao.
https://www.financialexpress.com/economy/indian-economy-on-course-for-full-year-contraction-dbs/1976682/  

6. China’s manufacturing activity expanded in May but at a sluggish pace for the second straight month as the coronavirus pandemic weighed on the global economy

8.Due to extended lockdown and extended moratorium period, Credit Suisse cuts down the target by 10-20% for the banks as it will affects the earnings. 
https://in.finance.yahoo.com/news/credit-suisse-cuts-target-price-002256732.html 

9.Unemployment rate in India remains stable in may at 23.5%, according to a survey conducted by Centre for Monitoring Indian Economy. 
https://www.livemint.com/news/india/unemployment-remained-steady-at-23-5-in-may-2020-cmie-11590970317621.html 

10.On Friday, Nifty closed 90.20 points higher at 9580.30
VIX rises by 0.67% and closed at 30.22, the usual safe range for VIX is between 12 to 20.
SGX Nifty trading 181.75 points higher at 8:15 am, Indian Time

Please comment important news you read today. Also, in case, if you find any news difficult to understand or comprehend - please comment and ask questions over the news blog.

I will try to answer and others will also help you comprehend the news.