India s Cryptomaze - BusinessToday businesstoday.in - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from businesstoday.in Daily Mail and Mail on Sunday newspapers.
After snapping their six-day bull run on Tuesday on account of profit-booking, it seems benchmark indices will return to their winning ways amid indications of a strong start. At 7.10 am, Nifty futures on the Singapore Exchange traded 32 points higher at 15,149. The global market setup was mixed. In the overnight session, while Nasdaq extended its runs to fresh highs, S&P 500 and Dow ended slightly lower as investors rotated out of large-cap tech names into other sectors. The Dow Jones Industrial Average 0.03%, the S&P 500 0.11% and the Nasdaq Composite added 0.14%. In Asia, the stocks inched higher although concerns about the sustainability of a recent risk rally are likely to cap gains. The Australian S&P/ASX 200 Index was last up 0.5% and e-mini futures for the S&P 500 rose 0.14%. Japan’s Nikkei 225 slipped 0.31%.
The government had formed an Inter-Ministerial Committee which has given its report on issues related to virtual currencies. There was also a meeting of the Empowered Technology Group.
Replying to a question in the Upper House, Thakur said regulatory bodies like RBI and Sebi do not have any legal framework to directly regulate crypto currencies as they are not currencies, assets, securities or commodities issued by identifiable users.