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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.
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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ITI hits over 9-year high as turnover touches six year high in FY17
Updated on 15 April 2017
ITI gained 8% to Rs 81, its highest level since January 8, 2008 on BSE, after the company said it has reported 30% year on year growth in consolidated turnover of Rs 1,621 crore for the financial year 2016-17 (FY17). The turnover was highest in past six years.

“Recently, the company has bagged various orders from BSNL, BBNL and will getting from RailTel for supply of GPON equipment for Government of India’s flagship project “BharatNet", which is providing broadband facility to over 2.5 lacs village panchayats in India," ITI said in a press release.

The company in the coming future is also expecting orders from mega projects like ASCON from defense and GSM project of North Eastern region from BSNL. The company also plans to explore business opportunities in the IoT, e-Governance, ICT areas in addition to telecommunication and defense projects, it added.

The trading volumes on the counter surged more than five-fold with a combined 7.69 million shares changed hands on NSE and BSE till 02:52 pm. The stock was rallied 6% on Wednesday.