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March 15, 2026 March 15, 2026 - Current affairs for all the Exams: India Current Affairs: Sensex Scales Historic Peak; Calcutta HC Cancels 5 Lakh OBC Certificates

India's financial markets witnessed a historic surge as the Sensex crossed the 75,400 mark for the first time. Simultaneously, the Calcutta High Court invalidated nearly 500,000 OBC certificates in West Bengal. Other major developments include a severe cyclone warning for the Bay of Bengal and critical updates on the ongoing Lok Sabha elections.

In the last 24 hours, India has seen significant developments across the economic, legal, and environmental sectors. Below is a detailed summary of the most impactful news for competitive exam preparation.

1. Economic Milestone: Sensex and Nifty Reach All-Time Highs

The Indian stock market reached a historic milestone on Thursday as the BSE Sensex surged by 1,197 points (1.61%) to close at a record high of 75,418.04. Similarly, the Nifty 50 touched a lifetime high, ending the day at 22,967.65. This rally added approximately ₹6 lakh crore to investor wealth, driven by a massive dividend payout from the RBI and strong domestic growth indicators.

2. Legal Landmark: Calcutta High Court Cancels OBC Certificates

The Calcutta High Court delivered a significant verdict by cancelling all Other Backward Classes (OBC) certificates issued in West Bengal after 2010. The court ruled that the classification of 77 communities as OBCs was "illegal" due to the lack of proper data and procedural lapses. However, the court clarified that those who have already secured jobs or educational admissions using these certificates will not be affected by the order.

3. Environment: Cyclone 'Remal' Warning

The India Meteorological Department (IMD) has issued a warning regarding a low-pressure system in the Bay of Bengal, which is expected to intensify into a severe cyclonic storm named 'Remal'. This is the first cyclone of the pre-monsoon season in the region and is projected to reach the coasts of West Bengal and Bangladesh by the evening of May 26. High-speed winds and heavy rainfall alerts have been issued for coastal districts.

4. Electoral Reforms: EC Stance on Form 17C

The Election Commission of India (ECI) informed the Supreme Court that there is no "legal mandate" to share Form 17C (the record of votes polled at a polling station) with the general public or NGOs. In a 225-page affidavit, the ECI stated that these records are only intended for candidates and their authorized agents to maintain the integrity of the electoral process and prevent potential "mischief."

5. Industrial Safety: Tragic Blast in Dombivli

A massive boiler explosion at Amudan Chemicals Pvt Ltd in the Dombivli MIDC area of Thane district resulted in the deaths of at least six people and left over 48 injured. The blast was so intense that it was felt within a 2 km radius, causing damage to nearby residential buildings. The Maharashtra government has ordered a high-level inquiry into the incident.

6. Science & Sports Briefs

  • Space Tech: Agnikul Cosmos is preparing for the launch of its Agnibaan SOrTeD rocket, featuring the world’s first single-piece 3D-printed engine.

  • Football: Indian football legend Sunil Chhetri has announced his retirement from international football, with his final match scheduled for June 6 against Kuwait.

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