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Most stablecoins were slightly higher on the day. Their market capitalization was up 0.3% at $182.5 billion, according to cryptocurrency data tracker coinmarketcap.com. Its daily trading volume, though, surged 75% to $108.1 billion.

A quarter-point increase is still anticipated as the Fed begins to lift its target policy rate from the near zero level set at the outset of the pandemic.

The pattern analysis shows that while Nifty has violated a couple of extended trend line supports, it has also violated the all-important 200-DMA on a closing basis.

ASCI, in its order, observed that advertising for VDAs, commonly referred to as crypto or NFT products, has been very aggressive over the past few months and said that several advertisements have failed to disclose risk associated.

Tech-heavy index has shed 21% since Nov. 19 closing record

Data provided by Nippon Asset Management India shows that the Nifty ETF segment saw a record volume of Rs 540 crore as Russia launched an invasion of Ukraine.

For the day, Nifty50 closed at 16,247.95, down 815.30 points or 4.78 per cent. This is even as the index has fallen in the last seven straight sessions.

The partially convertible rupee was at 75.65/$1 at 3:30 pm on Thursday as against 74.55/$1 at the previous close. The Indian currency, which had opened at 74.65/$1, moved in a band of 74.6860-75.6500/$1 in the course of the day.

The Securities and Exchange Board of India (Sebi) in July last year came out with guidelines for segregation and monitoring of collateral at the client level amid instances of misuse of client collateral by trading members.

In the international markets, gold soared to USD 1,942 an ounce while silver was also trading higher at USD 25.07 per ounce.