Stock Market LIVE: Sensex, Nifty expect steady start; SGX Nifty trades higher

Buy or sell: Vaishali Parekh recommends three stocks to buy today: Exide Industries, Ashok Leyland, and SBI Life

Vaishali Parekh has recommended three day trading stocks for today, here we list out important details in regard to those intraday stocks:

1] Exide Industries: Buy at ₹187, target ₹200, stop loss ₹182;

2] Ashok Leyland: Buy at ₹144, target ₹155, stop loss ₹140; and

3] SBI Life: Buy at ₹1173, target ₹1250, stop loss ₹1140. (Read More)

Warren Buffett shares key investment lessons at Berkshire Hathaway annual meeting

Chairman and chief executive of Berkshire Hathaway, Warren Buffett said that his company’s first-quarter profit soared to $35.5 billion, which reflected gains from common stocks like Apple Inc, and booster operating profit.

While addressing the annual shareholder meeting, the billionaire investor, along with vice chairman Charlie Munger and Greg Abel, and Ajit Jain, took questions from those who participated in the meeting in a five-hour long session. Know about the key investment lessons shared by them during the annual shareholders meeting.

Go First crisis: NCLT to hear two insolvency petitions against cash-strapped airline today

As cash-strapped Go First is awaiting a ruling from the National Company Law Tribunal (NCLT) on its plea for voluntary insolvency resolution, the tribunal is set to hear two additional insolvency petitions filed against the airline on Monday.

One petition has been filed by a transport services provider who claims around ₹3 crore, while the other petition has been filed by a pilot who claims over ₹1 crore in unpaid dues.

The Wadia group-owned airline’s liabilities amount to ₹11,463 crore, and it has faced a severe financial crunch, leading to its insolvency resolution plea. The airline hopes to resolve its financial issues through insolvency proceedings and the protection of an interim moratorium. (Read More)

Wall Street tocks rally on Friday while Treasuries fall as US jobs data brightens outlook

A global gauge of stocks rallied and U.S. Treasuries and gold sold off on Friday as strong U.S. jobs data brightened the economic outlook and traders pared expectations of Federal Reserve easing after a long spate of rate hikes.

The non-farms payroll report showed U.S. employers added 253,000 new jobs in April, up from 165,000 in March and exceeding expectations for 180,000.

U.S. Treasury yields rose after the report while the dollar was down very slightly against a basket of major currencies.

Oil prices jumped on signs of economic strength, but registered their third weekly decline in a row. Shares in U.S. banks also erased some losses after a rough week following the collapse of a third major bank.

Since Fed Chair Jerome Powell signalled that the central bank could pause hikes traders have been betting this would happen at the June meeting with some even calling for rate cuts in July, according to CME Group’s FedWatch tool. After Friday’s data, the probability for a July cut declined.

But still, Friday’s trading suggested a focus on signs of economic strength rather than on the prospects for tighter policy, which often come with stronger than expected data.

MSCI’s gauge of stocks across the globe was gaining 1.48% and on track for its biggest one-day percentage gain since Jan. 6. However, for the week it still showed a small decline.

The Dow Jones Industrial Average rose 546.64 points, or 1.65%, to 33,674.38, the S&P 500 gained 75.03 points, or 1.85%, to 4,136.25 and the Nasdaq Composite added 269.02 points, or 2.25%, to 12,235.41. (Reuters)