Union Bank

Budget 2026 highlights: India drops funding for Iran's Chabahar port. Slashes budget allocation from ₹400 crore last year to zero in the Union Budget 2026-27.

Sensex and Nifty 50 are set to open higher on Wednesday, benefiting from positive global market sentiment. With strong performances in banking and metal sectors, both indices closed higher yesterday, but ongoing foreign capital outflows and slow earnings growth may limit further gains.

Union Bank of India Q3 Results:Union Bank of India reported a 9% YoY increase in Q3 net profit to ₹5,017 crore. Net interest income rose by 1% to ₹9,328 crore. Gross NPA decreased to 3.06%, and total business grew 5.04% YoY, reaching ₹22,39,740 crore.

Equity benchmark kick-started the new year on a strong footing as Nifty regained the momentum and scaled back to life highs

The two new additions — Yes Bank and Union Bank — are projected to receive a total of $249 million in inflows.

The stock market opened higher with Nifty 50 at 25,834.30 and BSE Sensex at 84,238.86, reflecting positive investor sentiment from exit polls favoring the ruling coalition in Bihar and potential trade agreements between India and the US.

City Union Bank shares surged 8% to a record ₹254 after strong September quarter results. The bank reported a 15% net profit increase, driven by robust loan and deposit growth, improved asset quality, and maintained a positive outlook for future growth.

Mehul Kothari, Deputy Vice President — Technical Research at Anand Rathi, believes that last week's market action signalled indecision among market participants and a likely exhaustion following a steep run of the last few days.

Oyster Renewable Energy's subsidiary Oyster Green Hybrid Three has secured a ₹1,844 crore loan from Union Bank of India for a 342 MW hybrid power project in Madhya Pradesh. The initiative aims to enhance sustainable energy supply while reducing carbon emissions, aligning with India's climate goals

Prashanth Tapse recommends buying these four stocks in the short term - Nestle India Ltd, Mahanagar Gas Ltd (MGL), Federal Bank Ltd, and Union Bank of India.