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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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Indian Oil stock hits fresh high joins Rs 2-lakh crore m-cap club
Updated on 15 April 2017
Indian Oil Corporation Limited (IOCL) has entered into the elite league of corporate entities with a market value of over Rs 2 lakh crore after the stock price of the company hit new high on the BSE.

IOCL, the oil marketing giant, with the m-cap of Rs 203,171 crore cam in at number ninth position in overall m-cap ranking, the BSE data shows. The company surpassed the fast moving consumer goods (FMCG) major Hindustan Unilever (HUL), which held m-cap of Rs 200,202 crore at 10:36 am.

IOCL stock hit a lifetime high of Rs 418, up 2.3% on the BSE, as compared to 0.16% decline in the S&P BSE Sensex. Thus far in the calendar year 2017, the stock has outperformed the market by surging 29% against 11% rise in the benchmark index.
According to media reports, petrol and diesel prices in some cities will see daily change in sync with international rates.

The move is expected to shield these oil marketing companies (OMCs) from the volatility in global crude prices, which keep changing every day. The public sector OMCs - IOCL, Bharat Petroleum Corporation (BPCL) and Hindustan Petroleum Corporation (HPCL) - usually revise retail prices of petrol and diesel every fortnight.

IOCL is the third public sector undertaking company (PSU), having m-cap of an over Rs 2-lakh crore.  Oil and Natural Gas Corporation (Rs 2.39 lakh crore) and State Bank of India (Rs 2.37 lakh crore) among other PSUs are in the list.

Besides these three, total 10 companies have m-cap of more than Rs 2-lakh crore. The list includes Tata Consultancy Services, Reliance Industries, HDFC Bank, ITC, Housing Development Finance Corporation, Infosys and HUL.