The secondary market downturn in 2025 has hit newly listed companies. Two-thirds of IPOs are trading below their issue price, with most showing minimal returns. The SME market, in particular, has seen significant losses. Some IPOs have performed well, but overall market sentiment is causing delays for upcoming offerings. Experts recommend focusing on bluechip stocks.

IndiGo shares rose 2% following the announcement of new direct flights between Mumbai and Krabi. The airline, which remains a market leader with a 65% domestic PAX share, plans to operate six weekly flights to Krabi from March 2025, increasing to daily services by the end of the month.

Bitcoin’s rise to a $2 trillion asset has forced Wall Street skeptics, including Larry Fink and Ken Griffin, to reassess their views. Larry Fink once viewed it as a money laundering tool, now his firm runs a $60 billion Bitcoin ETF. While Jamie Dimon remains critical, institutions adoption signals a growing acceptance of cryptocurrency in global finance.

In an interview with ETNow Sandeep Tandon, CIO of Quant MF, PSU stocks align well with the long-term value investment thesis. Here’s why they could be the next big wealth creators.

Pankaj Pandey, Head of Research, suggests holding some cash as global uncertainties may cause market corrections. He sees opportunities in the banking sector, with positive views on Axis Bank, Kotak, HDFC Bank, and NBFCs like Bajaj Finance. Capital goods stocks like ABB also look attractive after significant corrections.

We have collated a list of recommendations from top brokerage firms from ETNow and other sources.

Gold traded volatile but opened higher, while silver gained amid weak US job data and a falling dollar index. MCX gold futures rose 0.25% to Rs 86,046, and silver climbed 0.36% to Rs 97,896/kg. Analysts predict continued volatility, with key support levels holding. Gold prices in major Indian cities varied, reflecting market fluctuations.

Pankaj Pandey highlights that the paint industry is yet to bottom out due to margin pressures and competitive pricing, despite crude price declines. In consumption, themes like hotels and hospitals, and MNC pharma stocks are favored. Caution is urged in aggressive buying, particularly in Reliance and other volatile sectors.

The euro continued its rise against the U.S. dollar, boosted by Germany s proposed infrastructure fund and borrowing changes. U.S. trade policies remain volatile, affecting major currencies. The sterling and Australian dollar also saw gains, while the yuan and U.S. dollar index fluctuated moderately.

Crude oil prices heavily influence OMCs, as crude is their main raw material. When crude prices rise, OMCs experience higher input costs, which can compress their gross refining margins (GRMs) if they cannot pass on the increased costs to consumers due to government-imposed price controls on petrol, diesel, and LPG.