NTPC’s Q3 profit rises

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NTPC’s Q3 profit rises 

In the December quarter, the power generation company’s net profit rose 5% YoY to ₹4,476 crore. The rise in the profit was aided by a 37% increase in the revenue to ₹41,410. Meanwhile, it also declared a dividend of ₹4.25 per share (a dividend yield of 2.5% on 27 January’s closing price of the shares). 


⭐ Oil prices fall

Crude oil prices have declined over the possibility of strong Russian supply. Oil loadings from Russia’s Baltic ports are expected to rise 50% this month to cater to the robust demand in Asia, according to reports. Meanwhile, the OPEC+ nations will meet this week to discuss crude oil output. 


⭐ FPIs turn net sellers

The foreign portfolio investors (FPIs) seem to have turned cautious ahead of this week’s Union Budget. They have reportedly pulled out ₹17,000 crore from the Indian markets on a net basis in January. This comes after a net inflow of ₹11,119 crore in the previous month.  

Global markets (at 9:00 AM today)

Indices Today's movement
SGX Nifty ▼ 0.37%
Nikkei 225 (Japan) ▲ 0.07%
Hang Seng (Hong Kong) ▼ 1.20%
SSE Composite (China) ▲ 0.72%
Dow Jones (US) (January 27) ▲ 0.08%
NYSE (US) (January 27) ▼ 0.30%
Nasdaq (US) (January 27) ▲ 0.95%
S&P 500 (US) (January 27) ▲ 0.25%

Fact of the day

Mobile phone maker Samsung was founded as a grocery trading store in 1938 in Korea. 

Source: Britannica

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