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Parekh said that the home loan market in India is estimated at slightly over $ 300 billion, at a mortgage to GDP ratio of just 11% currently, but favourable conditions like rising income levels, improved affordability and fiscal support augur well for the demand for homes.

In the event of non-payment, the markets watchdog said it will recover the amount by attaching and selling their moveable and immoveable properties. They will also face attachment of their bank accounts and arrest.

Brent crude was up 64 cents, or 0.5%, to $120.36 a barrel at 1339 GMT after touching an intraday high of $121.95.

"Spot gold prices for 24 carat gold in Delhi fell by Rs 205 reflecting overnight decline in COMEX gold prices," said Tapan Patel, Senior Analyst (Commodities) at HDFC Securities.

“ The fact that the market did not go above 16,825 opens the possibility that the next leg of the downtrend has begun. If we see a close below 16,400 it increases the odds that the downtrend has resumed even higher. I would have preferred the market to go a little higher somewhere close to 17,000 but the fact that the market did not cross 16,825, is driving a very important message..”

Sebi asked banks, depositories and mutual funds not to allow any debit from the accounts of Rose Valley and its then directors -- Gautam Kundu, Ashok Kumar Saha, Shibamoy Dutta and Abir Kundu. However, credits have been permitted.

Nifty 50 opened on a negative note at 16,469.60, and slid to as low as 16,347.10 level. However, at lows, buying emerged to take the index to as high as 16,487.25. Eventually, it closed down 153.20 points or 0.92 per cent at 16,416.35.

The Dow Jones Industrial Average fell 132.75 points, or 0.40%, at the open to 32,783.03.

For the uninitiated, anything that makes a company’s business harder to disrupt or imitate is a competitive advantage or ‘moat’. For a corporation to flourish, the presence of one or more such moats is an imperative. Otherwise, new entrants could keep entering the industry and drive down the incumbents’ share of the profit pie.

​Japan has been cautious regarding stablecoins since 2021, said Edul Patel, CEO and Co-founder of Mudrex. "It is the right move to ensure investors’ safety, as algorithmic-based stablecoins are still at the experimental stage, volatility becomes inevitable and may keep investors at risk."