Stay updated with the biggest headlines for Friday, 16 January- politics, crime, sports, and more – all summarized for quick reading. Get instant access to breaking news, major developments, and trending stories in just one click. Perfect for busy readers who want news on the go.
Top news of the day
Breaking a prolonged downtrend, the Indian stock market opened strongly on Friday. This rally was primarily driven by buying in IT, PSU bank, and realty stocks. Investor confidence appeared to return in early trade, and major indices opened in the green.
As of 9:30 am, the BSE Sensex was trading at 83,658.17, up 275.46 points, or 0.33 percent. The NSE Nifty rose 66.95 points, or 0.26 percent, to 25,732.55. The market breadth was also positive, strengthening the rally.
A significant development has emerged amid ongoing anti-government protests and government repression in Iran. The Trump administration has claimed that the executions of 800 people planned in Iran have been temporarily halted. This claim comes at a time when international concern about human rights violations in Iran is growing.
The political picture regarding the Brihanmumbai Municipal Corporation (BMC), the country's richest municipal corporation, is set to become clear today. Voting was held for a total of 29 municipal corporations in Maharashtra, and counting will begin on Friday morning. The results of the BMC's 227 wards have heated up politics across the state, as Mumbai holds immense administrative and economic importance.
Gold prices have been on a steady upward trend, but saw a slight pullback this morning. February gold futures on the Multi Commodity Exchange (MCX) slipped 0.48% to ₹1,42,434 per 10 grams. This comes after a strong rally in the previous session, when MCX gold futures touched a fresh all-time high of ₹1,43,173 per 10 grams.
Bone-chilling cold continues to grip the northern and eastern parts of the country. Cold winds, fog, and plummeting temperatures have severely disrupted life. According to the Meteorological Department, there is no immediate relief in sight. Drizzle and cloud cover will continue to create cold conditions in the plains, while dense to very dense fog will continue to plague many states for the next week.
Due to the activation of a Western Disturbance in Himachal Pradesh, rain and snowfall are expected for the next six days, starting Friday. The weather will be particularly severe on January 19th and 20th. There are signs of a prolonged dry spell breaking during this period. Inclement weather is expected in most parts of the state between January 16th and 21st.
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