At the close on Friday, the market cap of all BSE Sensex companies was Rs 4,61,60,199. By the end of the trading session on Monday, it fell to Rs 4,54,17,473, a drop of Rs 7 lakh crore.

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ZebPay, one of India's pioneering Bitcoin exchanges, today announced the elevation of Anuj Kumar Garg as Chief Technology Officer and Bala Pulavarthi as Vice President - Engineering, further reinforcing its technology leadership, as the company enters its next phase of platform innovation, AI adoption, and engineering growth.

Both leaders will now spearhead the company's long-term technology roadmap, scalability initiatives, and operational excellence efforts. Over the years, both Anuj and Bala have played instrumental roles in strengthening ZebPay's engineering and blockchain infrastructure capabilities, contributing across platform scalability, digital asset security, wallet infrastructure, and innovation-led product development. Their elevations reflect ZebPay's focus on building future-ready technology leadership, as the company accelerates innovation across blockchain, AI, Web3, and next-generation digital asset infrastructure.

Speaking on the announcement, Raj Karkara, Chief Operating Officer at ZebPay, said, "As the digital asset ecosystem continues to evolve rapidly, strong technology leadership remains critical to building secure, scalable, and future-ready platforms. Anuj and Bala have played key roles in strengthening ZebPay's engineering and blockchain capabilities over the years. Their combined expertise across blockchain infrastructure, AI, cybersecurity, distributed systems, and platform engineering will be crucial as we continue to scale our technology stack, enhance innovation, and support the company's next phase of growth."

Bearing Traders (India) Pvt. Ltd., the largest distributor of premium industrial Japanese bearing solutions, has participated in INTEC 2026, South India's premier industrial trade fair, scheduled to be held from June 4 to 8, 2026, at the CODISSIA Trade Fair Complex, Coimbatore. The company welcomes visitors at Stall Nos. E25, E26, E50, and E51, where it showcases its comprehensive portfolio of bearing products and engineering solutions.

Organized by CODISSIA, INTEC 2026 marks the 21st edition of one of India's most respected industrial exhibitions. The event attracts thousands of industry professionals, manufacturers, OEMs, engineers, and procurement leaders from across India and overseas, providing an ideal platform for business networking, technology exchange, and industrial collaboration. The exhibition features over 650 exhibitors and attracts more than 70,000 visitors across multiple exhibition halls.

At the exhibition, Bearing Traders (India) Pvt. Ltd. showcases an extensive range of high-performance bearing solutions from globally recognised brands, including NTN, JAF, and EZO. Visitors can interact with the company's technical experts and explore bearing applications designed to enhance reliability, efficiency, and productivity across industries such as manufacturing, automotive, machine tools, automation, material handling, and heavy engineering.

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Marking World Environment Day, renowned industrialist, philanthropist and Founder and CMD of KP Group, Dr. Faruk G. Patel, has announced the institution of the Annual Environmental Excellence Awards, a landmark initiative aimed at recognising and encouraging outstanding contributions to environmental conservation, sustainability and climate action. 

The announcement coincides with Prime Minister Shri Narendra Modi's inspiring address on World Environment Day in Surat, where he emphasised the importance of environmental conservation, renewable energy adoption, sustainable lifestyles, climate action and the circular economy. The Prime Minister's vision for a greener and more sustainable India reinforced the importance of recognising people and organisations making significant contributions to environmental protection. 

TEXMiN, the Technology Innovation and Translation Research Park (TTRP) at IIT (ISM) Dhanbad, formally kicked off the Satellite of the UK-India Critical Mineral Supply Chain Observatory, marking a significant step in strengthening India's critical mineral security and supply chain resilience. The initiative is being developed in collaboration with the University of Cambridge under the broader India-UK Technology Security Initiative and aligns with the Government of India's National Critical Mineral Mission (NCMM).

The formal project kick-off was held in the presence of Shri G. Kishan Reddy, Hon'ble Union Minister for Coal and Mines, Government of India, and The Rt. Hon. Yvette Cooper, Foreign Secretary of the United Kingdom, reaffirming the strategic importance of critical minerals in the India-UK partnership. The event also witnessed participation from several distinguished dignitaries, including Lindy Cameron, British High Commissioner to India; Ben Mellor, Deputy Head of Mission, British High Commission; Harjinder Kang, HM Trade Commissioner for South Asia; Sarah Cooper, Director - Development, Climate, Science and Technology, British High Commission; along with senior representatives from the University of Cambridge, IIT (ISM) Dhanbad, TEXMiN, and the Ministry of Mines. The gathering underscored the shared commitment of both nations to building resilient, transparent, and future-ready critical mineral supply chains through technology-driven collaboration and strategic cooperation.

Riya Sehgal, Research Analyst, Delta Exchange

Bitcoin is currently trading around $63,000, attempting a recovery after defending the crucial $59,000-$60,000 psychological support zone. ETF flows remain the biggest caution point, with spot Bitcoin ETFs seeing around $3.4 billion in net outflows between May 20 and June 5, led largely by IBIT. This shows that institutional demand has not yet meaningfully returned. This suggests that the current bounce is not yet a clean demand-led reversal, but more of a resistance-test rally supported by short covering, and speculation around renewed Bitcoin purchases by Strategy.

Macro conditions also remain mixed. Strong U.S. jobs data has revived higher-for-longer rate concerns, while risk appetite is selectively rotating toward AI-linked themes and high-profile IPO narratives such as SpaceX. This has helped AI-related crypto tokens outperform, but broader crypto sentiment is still fragile.

Technically, Bitcoin needs a decisive move above $64,500-$65,500 to extend recovery toward $68,500-$69,200. Failure to hold $62,500 may again bring $60,000 back into focus. Ethereum is recovering near $1,680, but remains weaker unless it reclaims $1,750-$1,765.

Bitcoin is trading near $62,000-$63,000, extending its recent weakness after a sharp selloff driven by continued ETF outflows and softer institutional demand. Over $3 billion has exited U.S. spot Bitcoin ETFs in recent weeks, while investors have increasingly rotated capital into AI-related stocks and upcoming tech IPOs.

Ethereum remains under pressure below $2,000, and most major altcoins are struggling to attract fresh buying interest. Despite the price decline, on-chain data suggests long-term holders are not panic selling, which is a positive sign for market stability.

For now, $60K is the key support level for Bitcoin, while a move back above $65K-$66K would be the first sign that sentiment is starting to recover.

Shalimar Paints, a legacy brand with over 120 years in the Indian paint industry, has launched its brand-new digital campaign, "Walls Don't Lie". With Shalimar Paint's Zero Damp Series at its core, the campaign highlights wall dampness, an issue that most homeowners underestimate. It showcases how hidden moisture gradually weakens surfaces, coating longevity, and compromises the structural integrity of walls through relatable storytelling and everyday examples. 

With "Walls Don't Lie", Shalimar Paints aims to shift consumer opinion regarding waterproofing from a short-term repair and reactive exercise to a long-term preventive and proactive solution. The campaign emphasises that walls don't lie; they crack, seep, and stain until you listen, reminding homeowners that the earliest warning signs are often hiding in plain sight. 

The campaign focuses on Zero Damp Series, a range which combines advanced waterproofing technologies with long-term surface protection. Featuring PU hybrid technology, crack-bridging capability, fibre-reinforced elastomeric coating technology, and advanced waterproofing protection, the range has been developed to support durability under Indian weather conditions. The system is designed to help resist seepage, recurring dampness, and surface wear while improving wall protection over time.

Apna, India’s leading AI-native early-career talent platform, has launched India’s first AI Interview Prep Lounge at the Atal Bihari Vajpayee Kaushalya Vikas Kendra (ABVKVK) in Kandivali East, Mumbai. The facility was inaugurated by Shri Piyush Goyal, Hon’ble Union Minister of Commerce & Industry.

“The Apna AI-enabled Interview Centre represents the future of skill development and employment generation. By leveraging Artificial Intelligence to identify opportunities, bridge skill gaps and prepare candidates for the evolving job market, this initiative will empower our youth to build successful careers and contribute meaningfully to India’s journey towards Viksit Bharat 2047,” Goyal said.

The Lounge houses three AI-powered interview preparation kiosks by apna, the first of its kind in the country. It also marks the integration of Apna’s interview preparation platform into the weekly walk-in hiring drives at ABVKVK, bringing interview preparation and job discovery into a single candidate journey.

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Rajesh Palviya, Head of Research, Axis Direct

The Nifty 50 closed Friday at 23,366.70, down 49.85 points or 0.21%, extending its consolidation phase as the index continued to struggle near the 23,500 mark amid persistent FII selling and lack of fresh domestic triggers. While the decline was modest, market sentiment remains cautious with participants closely monitoring global developments.

Global cues have turned distinctly negative after Wall Street witnessed a sharp sell-off led by technology, semiconductor and AI-linked stocks. The stronger-than-expected US jobs data has reignited concerns that the Federal Reserve could maintain a hawkish stance for longer, resulting in higher bond yields and renewed risk aversion across global equities.

Asian markets have opened on a weak note tracking the overnight decline in US markets, while elevated crude oil prices due to ongoing geopolitical tensions in the Middle East continue to pose a concern for import-dependent economies such as India. The indication from GIFT Nifty points towards a gap-down start for domestic equities.

From a technical perspective, the near-term bias remains cautious as long as the Nifty trades below the 23,500-23,550 resistance zone. Immediate support is placed around 23,100, and a sustained breach below this level could trigger further weakness towards the 23,000-22,800 zone. However, despite the negative opening indications, any stability in global markets and easing in crude oil prices could help the index find support at lower levels.

At the open, the total market cap of all BSE Sensex companies fell to Rs 4,58,15,580. It was Rs 4,61,60,199 at the close on Friday.

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Akshat Siddhant, Lead quant analyst, Mudrex

Bitcoin is stabilising around the $63,000 level after rebounding from a recent low of $59,100, triggered by stronger-than-expected US jobs data. The robust labour market reinforced expectations that the Federal Reserve may keep monetary policy restrictive for longer, leading to weakness across risk assets. However, the sell-off pushed Bitcoin's daily RSI to around 15.5, its most oversold level since the March 2020 market crash. Historically, similar RSI readings in 2020 and February 2026 were followed by rebounds of roughly 50 per cent and 30 per cent, respectively. If the same trend continues, Bitcoin could target the $80,000 zone in the coming weeks. For now, holding above the $60,000 support remains critical, as $55,000 serves as the next major support level.

"Bitcoin is trading near $63,041, remaining under pressure as it trades below key moving averages. However, oversold technical conditions, dip-buying activity, and continued long-term accumulation are keeping market participants focused on potential signs of recovery.

Ethereum is trading around $1,684, with short-term momentum remaining weak. At the same time, a recent $55.8 million ETH purchase by a whale investor highlights continued accumulation interest despite the broader market pullback.

On the regulatory front, six U.S. senators have called for changes to bank capital rules related to Bitcoin. This development could improve traditional financial institutions' access to digital assets.

Globally, regulatory frameworks continue to evolve. Greece is working on its first dedicated crypto tax framework, while India has reiterated its 30% tax on crypto gains and 1% TDS on transfers for the 2026 filing season, providing continued clarity around digital asset taxation and reporting requirements."

The Thesis

Friday's Wall Street rout - Nasdaq −4.18% on a hot US jobs print and a chip-stock cascade - followed by weekend Iran-Israel escalation that drove Brent +4.4% to $97, has set up a gap-down open here. Yet Nifty 500 slipped only −0.14% Friday and +₹4,360 cr of DII buying fully absorbed the −₹4,447 cr FII sell - the domestic bid is intact even into this kind of tape.

Where We're Concentrated

Three of five names sit in India-credit and capex financing - PSU power finance, a private bank, and a mid-tier NBFC - businesses paced by domestic credit growth, not global risk appetite. The metals leg is a commodity hedge against an oil-shocked rupee; the IT leg is the classic weak-rupee, lower-beta shelter when the US tape turns. What breaks the thesis: a Brent sustain above $100 that forces RBI's hand, or a disorderly FII exit that overwhelms the domestic flow.

Conviction Picks

Highest Conviction

Tata Consultancy Services

Largest IT name; weak rupee plus a US recession-resistant deal book make it the natural shelter when Wall Street wobbles.

Power Finance Corporation

PSU power-finance NBFC, paced by the India capex cycle and largely insulated from FII flow swings and oil-shock noise.

Federal Bank

Private bank with steady NIM and credit growth; RBI on hold leaves the franchise's earnings power intact through this gap-down.

Capri Global Capital

Mid-tier NBFC levered to MSME credit and gold-loan demand - domestic, dollar-light, with low offshore funding tail risk.

Vedanta

Diversified metals miner that benefits when an oil-shocked rupee and supply fears bid base metals, zinc, and aluminium.

One Thing to Watch

Brent above $100. Today's Brent print is the cleanest tell. A sustained move above the $100 handle drags the rupee, pressures RBI's neutral stance, and reverses the DII bid - the bear case starts there, not on a one-day Nifty 500 gap.

At the close on Friday, the total market cap of all BSE Sensex companies stood at Rs 4,61,60,199.