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The Indian market is expected to open flat-to-higher on Friday tracking muted trend seen in other Asian markets.

After a stunning rally in the global equity market over the past two days, stocks collectively took a breather ahead of the weekend. US Stocks traded range bound overnight weighed down by an abrupt halt to the rally in oil prices, which failed to hold on to the crucial $50 mark. The Dow Jones ended 23.22 points lower.

The most awaited speech since the US Federal Reserve's FOMC meeting way back in April, the Fed chief will speak at Massachusetts on Friday night as investors look on for clues to a rate hike.
STOCKS TO WATCH TODAY FOR TRADING
Power Grid: The state-run company posted a 13.2 per cent jump in standalone net profit at Rs 1,599.05 crore for the March quarter on higher revenues from power transmission business.

Jet Airways: Jet Airways posted its first annual net profit after eight years and its fourth straight quarterly net profit helped by lower fuel expenses and its own cost control measures.

ONGC: Oil and Natural Gas Corporation's fourth quarter profit jumped 12% mainly on reversal of impairment loss as well as lower provisioning for dry wells.

Deepak Fertilisers: The company reported a 5 per cent decline in net profit at Rs 25.92 crore for the fourth quarter of 2015-16 financial year.

SBI - State Bank of India is going to post Q4 results today.
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ITDC gains 10 percent on signing MoUs with MP, Assam and Rajasthan government
Updated on 28 April 2017
India Tourism Development Corporation (ITDC) is locked in upper circuit of 10% at Rs 736 on BSE in opening deal after the company said Memorandum of Understandings (MoUs) has been entered with Government of Madhya Pradesh (MP), Assam and Rajasthan for transfer of equity stake of the company in the joint venture subsidiary companies/transfer of undertaking to the respective state governments/ state institutions.

“The MOUs with government of Madhya Pradesh for transfer of 51% equity stake of ITDC in MP Ashok Hotel Corporation Limited to the MP State Tourism Development Corporation and with the government of Assam for transfer of 51% equity stake of ITDC in Assam Ashok Hotel Corporation Limited to the Government of Assam," ITDC said in a BSE filing.

MoUs with the government of Rajasthan for transfer of Hotel Bharatpur Ashok (Hotel Bharatpur Ashok is being managed by ITDC on behalf of Ministry of Tourism, Government of India), it added.

In past four weeks, the stock has outperformed the market by surging 84% from Rs 401 on April 7, as compared to 0.85% rise in the S&P BSE Sensex. It hit a 52-week high of Rs 746 on Monday, April 24, 2017 on BSE in intra-day trade.

At 09:32 am; ITDC was trading 7% higher at Rs 716 on BSE as compared to 0.29% decline in the S&P BSE Sensex. A combined 250,348 shares changed hands on the counter on BSE and NSE so far.