Good morning!
Here are the top stories to start your day.
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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.