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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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Shakti Pumps soars 14 percent on robust Q4 profit
Updated on 19 May 2017
Shakti Pumps (India)  soared 14% to Rs 307, also its record high on BSE, after the company reported net profit of Rs 11 crore in March 2017 (Q4FY17) quarter, on the back of strong operational income. The company engaged in pumps & motors business had reported profit of Rs 22 lakh in the same quarter of last fiscal year.

Net sales of the company during the quarter under review more than doubled to Rs 164 crore in Q4FY17 against Rs 73 crore in the corresponding quarter of previous year.

For the financial year 2016-17 (FY17), Shakti Pumps has reported 11-fold jump in net profit of Rs 21.32 crore. It had profit of Rs 1.98 crore in FY16.

Thus far in the calendar year 2017, the stock zoomed 119% from Rs 140 against 14% rise in the S&P BSE Sensex.

At 01:47 pm; it was up 12% at Rs 301 on BSE. The trading volumes on the counter jumped more than 17-times with a combined 2.45 million shares changed hands on BSE and NSE.