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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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Difference between PPF (public provident fund) and ELSS (Equity linked tax saving scheme)
Most of the people are not able to decide whether to invest in PPF or ELSS for best returns as well as for tax benefits, the following four points will help to take essential step to get best returns and tax benefits.

ELSS is nothing but investing in tax saving mutual funds. You can do either lump sum (one time) investment or SIP (systematic investment plan) through monthly or quarterly.
1. In PPF the lock in period is 15 years however you can do partial withdrawal after 7th year. While in ELSS the lock in period is 3 years. After 3 years investors can withdraw all money.

2. PPF gives guaranteed returns. The current rate of interest is 8.1%. The returns of ELSS are above 20% in last 3 and 5 years but it is not guaranteed.

The returns of ELSS are volatile but if you continue SIP then there is benefit of rupee cost averaging so your risk of returns get reduced in long term and hence you will get best returns.

The return of ELSS doesn’t match with any other tax saving method and this is proved by various analysis of past returns.
The following are top 5 ELSS (tax saving mutual funds) with returns