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Sensex dropped over 274 points in Mumbai

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Mumbai-Sensex at Bombay Stock Exchange failed to stick with its two-day gaining speed and dropped over 274 points to end at 27,035 a nearly two week low as investors braced for Donald Trump's presidency.NSE Nifty cracked below the key 8,400-mark.Banking stocks felt the pinch, and global leads failed to pick up either

Reserve Bank raised cash withdrawal limit from ATMs to Rs 10000 per day
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New Delhi- Cash withdrawal limit of 4500 rupees from ATMs has been raised by RBI to ten thousand rupees per day  with immediate effect.But the overall withdrawal limit from saving accounts will remain unchanged at 24 thousand rupees per week.Withdrawal limit from current accounts has also been enhanced from 50,000 rupees per week to one lakh rupees. It extends to overdraft and cash credit accounts also.

I am still national president of Samajwadi Party - Mulayam

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Lucknow- Mulayam Singh Yadav asserted that he is still national president of Samajwadi Party.He was talking to reporters in New Delhi.National convention called by Ramgopal Yadav on 1st of this month where Akhilesh Yadav was made party chief, was illegal. Further he said Ramgopal Yadav was expelled from the party on 30th of December and he had no right to call a convention. He also said Akhilesh Yadav is the Chief Minister of UP and Shivpal Yadav is the state President. SP president is expected to meet Election Commissionto stake claim over party's cycle symbol.

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