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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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Federal Bank hits record high on strong Q4 results
Updated on 3 May 2017
Federal Bank  rallied 7% to Rs 115; also its record high on BSE in intra-day trade, after the bank reported a strong 2400% year on year (YoY) growth in net profit at Rs 257 crore for the quarter ended March 2017 (Q4FY17). 

The bank had posted profit of Rs 10 crore in the year ago quarter.
Analysts on an average had expected profit of Rs 225 crore for the quarter from the private sector lender.

Net interest income (interest earned minus interest expended) grew 23% at Rs 842 crore during the quarter under review, against Rs 791 crore in the corresponding quarter of previous fiscal. Net interest margin improved by 11 basis points (bps) YoY and 10 bps sequentially at 3.42%.

The bank delivered an impressive asset quality performance, with gross non-performing assets (GNPAs) declining 12% QoQ in absolute terms (GNPA % down 44bp QoQ to 2.33%).

At 11:17 am; the stock was up 5% at Rs 113 on BSE against 0.30% decline in the S&P BSE Sensex. The trading volumes on the counter almost tripled with a combined 36.3 million shares changed hands on BSE and NSE so far.