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The largest cryptocurrency fell as much as 4.4 per cent Thursday to $46,588, with other tokens including Ether retreating along with the Bloomberg Galaxy Crypto Index. The drop pared Bitcoin’s rally since a July low to some 60 per cent.

"The labour code changes have already been approved and it is just a question of when they get implemented. It is not a question of if, it is a question of when it will happen. There is a bigger issue. The more regulation you bring into the segment, the more employers have to pay for hiring gigs."

“This is not at all a metro centric fund, but it is the other way round. More money has come from the smaller towns than the bigger cities.”

Dealers active in the space said a correction of 5-10 per cent in the unlisted shares does not dampen the sentiments, and the correction was much anticipated.

In the international market, gold was trading lower at USD 1,785 per ounce and silver also dipped marginally to USD 23.65 per ounce.

The Nifty Bank index closed 0.09 per cent up at 35617.55.

In the Nifty pack, 20 stocks closed in the green, while 30 stocks ended in the red.

DU Digital Technologies Ltd., Esab India, HLE Glasscoat, Dynamatic Tech and ABB Power, hit their fresh 52-week highs during the day.