Coralogix, the data and AI platform for observability, today announced it has raised $200 million in Series F funding. The round was co-led by Advent, CPPIB, and Greenfield, with participation from Brighton Park Capital, bringing total funding in Coralogix to $550M.

"AI is fundamentally changing the way enterprises operate, and observability is quickly evolving into a core layer of business intelligence," said Alek Ferro of Advent. "Coralogix has consistently stayed ahead of that transformation, building a platform designed for the scale, speed and complexity of the agentic era. Since our initial investment, the company has continued to accelerate innovation and market adoption, reinforcing our belief that Coralogix is positioned to define the future of AI-powered observability."

Riya Sehgal, Research Analyst, Delta Exchange

The latest crypto market selloff appears to be a result of multiple pressure points hitting the market at the same time. Bitcoin's sharp move toward the $61,000-$63,000 zone, with an intraday low near $61,500, and Ethereum's break below $1,800, with an intraday low around $1,730, reflect a strong risk-off phase driven by heavy ETF outflows, long liquidation cascades, geopolitical uncertainty, and a clear technical breakdown below key support levels. According to CoinGlass data, nearly $1.76 billion worth of positions were liquidated in 24 hours, with over 284,000 traders impacted, highlighting the scale of leverage unwinding in the system.

Volatility has also expanded sharply, with the broader BTC volatility gauge rising toward the 50 zone, while ATR has spiked, confirming heightened market stress, wider price swings, and aggressive deleveraging.

Technically, BTC has lost the $65,000-$66,000 support zone and is trading below its major 4-hour EMAs, keeping the short-term bias bearish. A sustained break below $62,000 could expose $60,000, while recovery requires BTC to reclaim $65,000 first and then $68,000-$70,000. Ethereum is also under pressure after slipping below $1,800, with $1,700-$1,720 acting as immediate support. Unless ETH reclaims $1,850-$1,880, bounces may remain vulnerable to selling.

India is considered an outlier because many major international financial centres, such as Singapore and Hong Kong, generally do not impose capital gains tax on foreign portfolio investors. Read full report here

CoinSwitch Markets Desk

BTC’s break below $65K shows that the market is still digesting weaker ETF flows, Strategy’s BTC sale, and capital shifting toward AI-linked equities. The move does not necessarily change the long-term thesis, but near-term momentum has clearly softened as BTC lacks a strong spot-demand trigger and leverage remains elevated. This makes the market more sensitive to negative flows and macro headlines. If fresh demand does not return, a $60K retest remains possible. On the other side, US Treasury Secretary Scott Bessent said the administration wants the CLARITY Act passed this summer, which could improve crypto regulatory clarity in the US.

The government will completely eliminate capital gains tax on investments made by foreign portfolio investors (FPIs) in Indian government securities (G-secs). Read full report here

Akshat Siddhant,  Lead Quant Analyst, Mudrex

Bitcoin briefly touched the $61,000 mark as selling pressure from a large Mt. Gox wallet transfer and consistent spot Bitcoin ETF outflows converged with Strategy's first disclosed Bitcoin sale in three and a half years. The volatility triggered approximately $1.25 billion in leveraged liquidations within a 24-hour period, a majority of which were long positions. Today's attention turns to the US jobless claims data, the last major labour market read before Friday's nonfarm payrolls report, both of which will weigh on the US Fed's rate decision due later this month. Bitcoin currently rests at $64,000, which makes the $60,000 zone a critical support, while a sustained move above $70,000 would signal that buyers have regained control.

Currently, foreign investors pay a 12.5 per cent long-term capital gains (LTCG) tax on bonds and listed shares held for more than 12 months. Read full report here

Rajesh Palviya, Head of Research, Axis Direct

The Nifty 50 ended Wednesday's session at 23,405.60, down 78 points (0.33%), though the closing figure masked significant intraday volatility. The index witnessed sharp selling pressure amid escalating geopolitical tensions in the Gulf region and a spike in crude oil prices, before a strong recovery in banking and select heavyweight stocks helped trim losses substantially by the close.

Global cues remain mixed as Wall Street retreated from record highs overnight, weighed down by rising energy prices and concerns over inflationary pressures. Asian markets also traded with a negative bias, reflecting cautious investor sentiment amid elevated geopolitical uncertainty and higher crude oil prices.

For domestic markets, crude oil remains the key monitorable. Sustained strength in Brent crude could keep pressure on inflation expectations and India's import bill, while investors also await further clarity on both geopolitical developments and domestic policy triggers. In the absence of any meaningful positive announcement from either the global geopolitical front or local economic developments, market sentiment is likely to remain range-bound and selective.

Technically, the undertone remains cautious as long as the Nifty trades below the crucial 23,500-23,600 resistance zone. A decisive move above this hurdle is essential to improve sentiment and trigger fresh directional buying. On the downside, the 23,200-23,150 zone continues to act as an important support area, while a breach could open the door for further weakness towards the 23,000 mark. Until a clear breakout emerges or a positive catalyst revives risk appetite, traders are likely to maintain a stock-specific approach with a cautious bias.

WazirX market's desk

"Capital tends to move where investors perceive opportunities at a given point in the economic cycle. In environments marked by shifting macroeconomic conditions, investors frequently rebalance portfolios toward assets like gold, commodities or any trending stocks. This explains the current crypto market dynamic. Industry reports indicate that institutional and retail investors might be temporarily allocating their money out of crypto, resulting in liquidity outflows from Bitcoin ETFs that reached over a billion dollars last month.

Technical indicators are currently bearish for BTC. The next few days are critical for Bitcoin as markets are watching the $60k levels closely. If Bitcoin holds up above $62k, it could bounce back to $65k levels easily. Ethereum which is 23% down since its levels last month is facing challenges due to base layer fee turbulence. However, analysts point towards a shift in Ethereum's use case as a settlement token across the blockchain network's projects. This could mean a bullish long-term roadmap, which will become prominent once the temporary market setback is shaken off."

Markets are expected to open weak as Gift Nifty indicates a decline of around 200 points. Global sentiment remains cautious due to geopolitical tensions, elevated crude oil prices, continued FII selling, and uncertainty ahead of tomorrow's RBI policy announcement.

Focus Sectors: Electric Bus & EV Stocks - Delhi's Rs 5,041 crore clean transport scheme may benefit companies like JBM Auto and Olectra.

Metals - Positive outlook due to rising base metal prices. 

Banks, NBFCs & Realty - Likely to remain in focus ahead of the RBI policy decision.

Stocks in Focus: Mankind Pharma, DCB Bank, IDBI Bank, NMDC Steel, Olectra, BSE.

Overall, expect volatility to remain high. Stock-specific opportunities may outperform the broader market.

IRDAI has tightened transparency requirements. If an insurer rejects a claim, it must explain the reason and point to the specific policy clause. Read full report here

At the close on Wednesday (June 4), the total market cap of all BSE Sensex companies stood at Rs 4,61,05,955.