Cryptocurrency counters in the Indian exchanges dropped sharply on reports that the Indian government is coming out with a bill that will ban most private tokens.
Mumbai: Domestic share market continues their positive momentum from yesterday and was trading in green on Wednesday. At 11:24 IST, BSE Sensex was trading at 58,855.16, up 190.83 points of 0.33 per cent, while NSE Nifty50 index was up 66.40 points, or 0.38 per cent, trading at 17,569.75.
Also, Cryptocurrency counters in the Indian exchanges dropped sharply on reports that the Indian government is coming out with a bill that will ban most private tokens. In rupee terms, Bitcoin fell as much as 17 per cent, Ethereum was down 14 per cent, Dogecoin over 20 per cent and Polkadot 14 per cent.
Meanwhile, oil prices dropped on Wednesday as the US-led coordinated release of stocks from strategic reserves eased concerns over tightness in global supply, while investors booked profits from the Tuesday's rally ahead of the U.S. Thanksgiving holiday.
Prices of petrol and diesel were kept unchanged for the 21 consecutive days on Wednesday, according to a notification by state-owned Oil Marketing Companies (OMCs). The prices are constant since the Central government’s move to slash petrol price by Rs. 5 and cut down diesel price by Rs. 10 across the country.
Petrol price in Delhi stood at Rs 103.97 per litre, while diesel is being sold at Rs. 86.67 per litre. In financial capital Mumbai, petrol is purchased at Rs. 109.98 per litre and diesel is costing Rs. 94.14 for a litre.
The rupee began the day at 74.53 against the greenback as against its previous close of 74.42.