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Gold prices fell sharply on MCX, dropping Rs 3,000 per 10 gram as investors turned cautious ahead of the US Federal Reserve policy meeting. Profit booking in global markets, rising oil prices and persistent geopolitical tensions in West Asia are keeping bullion volatile, prompting analysts to recommend a sell-on-rise trading strategy.
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Union Bank of India will raise funds through bond issuances. The bank's committee approved long-term bonds worth twenty thousand crore rupees for infrastructure and affordable housing. It will also issue green or sustainable bonds up to five thousand crore rupees. Part of the funds will be raised before March thirty-first, twenty twenty-six.
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Banking earnings show resilience despite economic uncertainty, with PSUs regaining market share and private banks poised for strong growth. Analysts maintain a positive view on valuations, expecting improved earnings profiles and stable asset quality to drive sector performance through FY27.
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News and Media
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