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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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Biocon falls over 10 percent in five trading days
Updated on 3 May 2017
Biocon dipped 5% to Rs 1,031, extending its 6.8% decline in past four trading days on the BSE.  In comparison, the benchmark S&P BSE Sensex gained marginally by 0.03% during the same period.

Biocon posted muted growth during the March 2017 (Q4FY17) quarter on the back of weak performance in small molecules and decline in Syngene sales. Total sales of the company during the quarter declined 2% year on year (Y-o-Y) at Rs 925 crore.

Net profit after exceptional item was down 62% YoY at Rs 127 crore. The exceptional income of Rs 256 crore in Q4FY16 was on account of a deferred revenue recognition pertaining to partnering of our rh-insulin development program.

In current calendar year 2017, the stock had outperformed the market by gaining 23% against 12% rise in the benchmark S&P BSE Sensex till April 25, 2017.

At 11:26 am; the stock was down 4.7% at Rs 1,036 on the BSE. A combined 994,594 shares changed hands on the counter on BSE and NSE so far.