Sensex, Nifty 50 | Stock Market Highlights: Sensex ends 355 points higher, Nifty 50 above 24,100; Adani Ports top gainer

The Nifty opened on a gap-up note but failed to sustain above the 24,200 mark and eventually settled near its 50-DMA, placed around 24,110. Immediate psychological support is seen at 24,000, followed by the 21-DMA at 23,900. A decisive breakout above 24,200 is essential to extend the upmove towards 24,500 levels. On the volatility front, the index eased by nearly 1% over the week to close around 18, and any further cooling in volatility could lend support to bullish momentum. The broader structure remains positive as long as the Nifty holds above 23,800, though some near-term consolidation cannot be ruled out.

— Nilesh Jain, VP- Head of Technical and Derivative research at Centrum Finverse

Investor sentiment remained supported by a favourable election outcome in West Bengal and a better-than-expected Q4 earnings, helping markets look past Middle East-related concerns. However, intermittent profit booking persisted amid uncertainty surrounding the U.S. “Project Freedom” initiative to reopen the Strait of Hormuz.

While the resolution path may take time, optimism around gradual progress continues. Crude prices holding below $110 are providing near-term comfort. Going ahead, market direction will hinge on geopolitical developments and oil price trends, given their impact on inflation, interest rates, the rupee, and corporate margins.

— Vinod Nair, Head of Research, Geojit Investments

Kotak Bank emerged as the top Nifty 50 loser today followed by Airtel, DRL, ONGC and TCS. On the other hand, Adani Ports was the top gainer. Eicher Motors, Jio Financial, Adani Enterpries and Reliance Industries contributed to gains today.

Sensex ends 355 points or 0.46% higher at 77,269 amid election result-led optimism. However, it declined sharply from the day's peak of 77,911. Nifty 50, meanwhile, closed at 24,119, up 122 points or 0.51% after hitting a high of 24,290 in intraday deals.

Bitcoin rose above $80,000 for the first time since January as bullish sentiment lifted risk assets, with Asian shares rallying and US technology-stock futures pointing to further gains.

Godrej Properties Ltd on Monday announced key board-level changes alongside a dividend recommendation for shareholders, following the outcome of its Board meeting held earlier in the day.

The company said its Board has "recommended dividend of ₹10 per equity share (200%) of the face value of ₹5 each for the financial year ended March 31, 2026," subject to shareholder approval at the upcoming Annual General Meeting (AGM).

The Board of Ambuja Cements has recommended a dividend of ₹2 per Equity Share of face value of ₹2/- each fully paid-up for the Financial Year 2025-26, subject to approval of shareholders of the company.

The Adani group company has fixed Friday, June 12, 2026, as the ‘Record Date’ for the purpose of determining the entitlement of the members of the company to receive dividends for the financial year 2025-26.

Ambuja Cements Q4 PAT at ₹1,857.43 crore as against ₹1,351.46 crore in the same period a year ago. Meanwhile, revenue from operations stood at ₹10,891.68, up from ₹9,894.41 crore YoY.

Crude oil prices prices jumped over 2% after Iran vowed kinetic response to Trump’s ‘Project Freedom’ naval mission in the Strait of Hormuz. Iranian military asserted that “the security of the Strait of Hormuz is in the hands of the armed forces of the Islamic Republic of Iran and that any safe passage and navigation in any situation will be carried out in coordination with the armed forces”.

Brent crude futures rallied 2.39% to $110.75 a barrel, while US West Texas Intermediate gained 2.32% to $104.30 a barrel.

HFCL share price jumped over 10% after the company along with its subsidiary HTL Limited secured purchase orders worth ₹84.23 crore, for the supply of optical fiber cables, from one of the leading private telecom operators of the company. HFCL shares rallied as much as 10.65% to ₹128.40 apiece on the BSE.

The Indian stock market gave up early gains amid profit booking at higher level. The Sensex crashed more than 600 points from day’s high to trade below 77,000 level. Nifty 50 was marginally higher at 24,000.

Bitcoin prices has surged above the $80,000 mark, touching around $80,300, as the crypto market starts the week with renewed momentum. Total market capitalization has climbed to nearly $2.64 trillion, reflecting improving sentiment across digital assets, while Ethereum has also strengthened toward the $2,400 level.

“The primary catalyst behind the move remains strong institutional participation through spot Bitcoin ETFs, with recent inflows signaling steady demand from larger investors. This has been complemented by short-covering activity near the key $80,000 resistance zone, accelerating upside momentum after several failed breakout attempts in previous weeks,” said Riya Sehgal, Research Analyst, Delta Exchange.

From a technical perspective, holding above $80,000 would be a significant confirmation for Bitcoin and could open room toward $82,000 – $85,000, while immediate support is now seen near $78,000. Ethereum also remains constructive, with a sustained move above $2,400 potentially paving the way toward $2,550. Overall, easing geopolitical concerns and healthier risk appetite are supporting prices, though macro events and volatility remain key near-term watchpoints, the analyst added.

Ather Energy share price fell nearly 4% after the company reported Q4 results. The electric vehicle (EV) manufacturer’s net loss narrowed in Q4FY26 to ₹100 crore from a loss of ₹234.4 crore, YoY. Revenue rose 73.8% to ₹1,174.4 crore from ₹676 crore, YoY. EBITDA loss narrowed to ₹70 crore from a loss of ₹173 crore in the year-ago period.

Godrej Properties Q4 results (YoY):

> Net profit rises 70% to ₹648 crore from ₹382 crore

> Revenue up 63% to ₹3,458 crore from ₹2,122 crore

> EBITDA jumps to ₹523 crore from ₹110 crore

> Margin spikes to 15.1% from 5.2%

> Company achieved 105% of its annual guidance for booking value for FY26, and 95% of annual guidance for collections for FY26

> FY27 booking value guidance at ₹39,000 crore and customer collection guidance at ₹24,000 crore

> The board of directors has recommended dividend of ₹10 per share for FY26

Sun TV Network share price crashed 9.5% to the day’s low of ₹547.55 apiece after the early trends for Tamil Nadu election results signalled that Vijay Thalapathy’s Tamilaga Vettri Kazhagam (TVK) could emerge as the single largest party, defeating the incumbent Dravida Munnetra Kazhagam (DMK).

Bitcoin prices crossing the $80,000 mark, for the first time in over 3 months, is more than just a price milestone, it reflects the asset’s resilience, growing maturity, and its ability to sustain long-term investor conviction through multiple market cycles. This move is being supported by renewed institutional demand, improving regulatory clarity, and a steady recovery trend from earlier lows, all of which point to a more structured and confidence-driven market environment, said Raj Karkara, COO, ZebPay.

Crypto markets naturally move through phases of expansion and correction, and moments like these reinforce that price fluctuations are an inherent part of an evolving asset class rather than a deterrent. This is where the long-term mindset becomes essential, as investors who stay focused on fundamentals, ecosystem growth, and disciplined strategies such as rupee-cost averaging are better positioned to navigate these cycles with consistency. As the ecosystem continues to develop, success will increasingly depend on patience, informed decision-making, and the ability to look beyond immediate price action toward sustainable, long-term value creation, he added.

Kotak Mahindra Bank’s Q4FY26 earnings beat estimates, on account of lower-than-expected provisioning and stable operating performance, alongside steady growth on both sides of the balance sheet. Healthy loan growth (16% YoY; 3% QoQ) was driven by mortgages, business banking, and SME segments. Deposit growth at 15% YoY (6% QoQ) was strong with CASA ratio clocking in at 43.3% (+196bps QoQ), driven by seasonality in CA balances, said HDFC Securities.

Kotak Mahindra Bank witnessed significant decline in slippage and credit costs, with stress receding across asset classes. While the brokerage firm expects Kotak Mahindra Bank to sustain growth momentum in RoA-accretive segments such as LAP, CV/CE, tractors, business banking, and SME segments, it is likely to be offset by higher cost of funds. Operating leverage and healthy asset quality is critical to drive RoAs of 2%+ sustainably. It factors in 16% loan CAGR for FY26-FY28E alongside better asset quality, offset by softer margin outcomes.

HDFC Securites maintains a ‘Buy’ rating and raised Kotak Mahindra Bank share price to ₹460 apiece from ₹450 earlier.

Vinay Rajani, Senior Technical and Derivative Analyst, HDFC Securities has recommended two stocks to buy today -

Tata Steel | Buy | Target Price ₹229 | Stop-loss ₹204

Linde India | Buy | Target ₹8,200 | Stop-loss ₹6,900

Small-cap pharma stock Sudarshan Pharma Industries share price jumped 4% after Q4 results, with both profit and revenue showing robust growth. Net profit for the March 2026 quarter rose 44.8% to ₹10.73 crore, compared with ₹7.41 crore in the same period last year. Revenue for the quarter increased 36.72% to ₹220.92 crore, up from ₹161.59 crore YoY.

BHEL Q4 results (YoY):

> Net profit rose to ₹1,283 crore from ₹504 crore

> Revenue up to ₹12,310 crore from ₹8,993 crore

> EBITDA up to ₹1,753 crore from ₹832 crore

> Margin at 14.2%