Weekly News Update – 23 March 2026

  • Energy Sector Update: India Diversifies Crude and LPG Sourcing Beyond the Middle East
As of March 19, 2026, the Ministry of External Affairs highlighted the ongoing diversification of crude oil and LPG imports, including sustained sourcing from Russia and other regions, to bolster energy security. Approximately 70% of crude imports now originate outside the Strait of Hormuz.

  • MF Update: Mutual Fund Industry AUM Reaches Record Rs 82 Lakh Crore in February
India’s mutual fund assets under management climbed to a historic Rs 82.03 lakh crore in February 2026, marking a 27.1% year-on-year increase, supported by consistent SIP inflows and strong equity participation.

  • Economy Update: Fitch Upgrades India’s FY26 GDP Growth Forecast to 7.5%
Fitch Ratings revised India’s FY26 GDP growth projection upward to 7.5% in mid-March 2026, attributing the upgrade to resilient domestic demand, consumer spending, and infrastructure momentum despite external headwinds.

  • Corporate Trends: HDFC Bank Part-Time Chairman Atanu Chakraborty Resigns
On March 17, 2026 (letter dated), Atanu Chakraborty resigned as part-time chairman and independent director of HDFC Bank with immediate effect on March 18, 2026, the bank appointed Keki Mistry as interim part-time chairman effective March 19, 2026.
Particulars
Price as on 20th Mar’ 2026
Price as on 13th Mar’ 2026
Change %
S&P BSE Sensex
74,532.96
74,563.92
-0.04%
Nifty 50
23,114.5
23,151.1
-0.16%
Nasdaq
21,647.61
22,105.36
-2.07%
Gold 999 (10 Gms)
₹1,47,218
₹1,58,399
-7.06%
Silver 999 (1 Kg)
₹ 2,32,364
₹ 2,60,488
-10.80%
Crude Oil
$ 97.53
$ 97.42
0.11%
USD INR
₹93.7150
₹ 92.4588
-1.36%

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