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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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5 public sector banks hit 52-week high
Updated on 28 April 2017
Shares of five public sector banks (PSBs), Andhra Bank, Canara Bank, Indian Bank, Oriental Bank of Commerce and Vijaya Bank hit their respective 52-week highs on the National Stock Exchange (NSE) in an otherwise weak market.

Punjab National Bank (PNB), Punjab & Sindh Bank, Union Bank of India, Corporation Bank, Bank of Maharashtra and Syndicate Bank gained anywhere between 3% and 5%, and were trading close to their 52-week highs.

At 11:43 am; the Nifty PSU Bank index, the second largest gainer after Nifty Metal Index, was up 1.2% as compared to 0.53% decline in the Nifty 50 index. The PSU bank index hit an intra-day high of 3,593.30, is 26.15 points away from its 52-week high of 3,619.45 touched on April 18, 2017.

Thus far in the ongoing week, the Nifty PSU Bank index was up 4.2% against 3.2% rise in Nifty Bank and 1.9% gain in the benchmark index.

Indian Bank, the largest gainer among the pack, has rallied 23% during the week, after the bank reported good set of numbers for the quarter ended March 31, 2017 (Q4FY17).

Indian Bank had reported 241% year on year (YoY) jump in net profit at Rs 319 crore in Q4FY17, led by a lower base owing to higher slippages in Q4FY16. Net interest income or NII growth was healthy at 22.1% YoY to Rs 1,385 crore.

Bank of Maharashtra has surged 7% to Rs 37 after the bank announced fund raising plan of up to 2,000 crore.