Business

Union Bank Q4 Results FY26: Union Bank reported a mixed Q4 with net profit up 6.6% YoY to Rs 5,316 crore, despite a 1.1% dip in net interest income. Provisions surged nearly threefold, but asset quality improved with lower NPAs. The bank recommended a Rs 5 per share dividend for FY26.

Oil prices are rising again. Peace talks between Iran and the United States are stalled. Trade through the Strait of Hormuz remains restricted. Iran seized two ships in the strait. The US maintains its naval blockade. Analysts predict prices could stay high. Disruptions may push Brent prices even higher. The market faces ongoing uncertainty.

In the Nifty500 pack, seven stocks’ close prices crossed below their 200 DMA (Daily Moving Averages) on April 22, according to stockedge.com’s technical scan data. Trading below the 200 DMA is considered a negative signal because it indicates that the stock’s price is below its long-term trend line. The 200 DMA is used as a key indicator by traders for determining the overall trend in a particular stock. Take a look:

Private banks anticipate a faster rise in bad loans by FY27 compared to public sector banks. This trend is driven by increased exposure to unsecured retail and MSME loans. Stress is growing in these segments, impacting the rural economy. The West Asia conflict adds uncertainty, with potential job losses in the IT sector being monitored for personal loan performance.

Oil producers anticipate robust earnings for the March quarter due to soaring crude prices. Conversely, fuel retailers and city gas firms face weaker results. Higher crude oil prices boost producer profits. Stable fuel prices pressure marketing margins for companies like IOCL, BPCL, and HPCL. Gas utilities grapple with supply disruptions and higher LNG costs.