Free Intraday Tips | Wall Street hits Records Again

Wall Street's main stock indexes rose to fresh all-time closing highs on Friday as a spike in oil prices supported energy shares and investors renewed their optimism about President Donald Trump's economic agenda. 

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The S&P 500 tallied its fourth straight session of gains, a day after Trump vowed a major tax announcement in the next few weeks. 

"Tax cuts have gotten put back on the front burner," Forrest said, adding, "We are looking for gains in the economy at large from this, not just (earnings per share) gains in stocks." 

The Dow Jones Industrial Average rose 96.97 points, or 0.48 percent, to end at 20,269.37, the S&P 500 gained 8.23 points, or 0.36 percent, to 2,316.10 and the Nasdaq Composite added 18.95 points, or 0.33 percent, to 5,734.13. 

The S&P and Dow closed at a record high for a second straight session, while the Nasdaq extended its streak of record closes to a fourth day. 

Mphasis, NLC India up 5-7%

Share price of Mphasis and  NLC India  (earlier known as Neyveli Lignite Corporation) gained 5.6 and 7.2 percent respectively on Friday as companies going to consider the buyback of its equity shares. 

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Mphasis' board meeting will be held on January 31, to consider a proposal for buyback of the equity shares in accordance with the applicable provisions of the Companies Act, 2013 and the Securities and Exchange Board of India (buyback of Securities) Regulations, 1998. 

NLC India also consider matters related to buyback of fully paid equity shares of the company including matters related/incidental thereto and any other matter as the board of the directors may decide during the course of the meeting, in the board meeting scheduled to be held on January 31. 

At 09:26 hrs Mphasis was quoting at Rs 559.50, up Rs 24.95, or 4.67 percent on the BSE. 

NLC India was quoting at Rs 98.50, up Rs 5.15, or 5.52 percent, touched a 52-week high of Rs 100.10 on the BSE.