Market Pulse: Equities edged mixed as tech flirted with volatility and IPO buzz kept retail eyes fixed on debut listings.
Key Movers: Coinbase’s India relaunch and Airwallex’s $8 billion valuation refocused institutional flows, while Morgan Stanley’s Tesla downgrade rattled EV bulls.
Macro & Politics: India’s trade data ahead of Budget 2026 signal a pivot to high-value manufacturing and semiconductor incentives, hinting at tighter import controls.
What’s Next: Watch Meesho and Aequs grey-market premiums ahead of December 10 listings to gauge retail appetite.
🔊 Unfiltered Market Commentary
Everyone’s overlooking how precarious Coinbase’s India comeback really is. Resuming sign-ups is one thing, but if regulators tighten KYC or stall the fiat on-ramp plan, the whole institutional flow story goes up in smoke. We’ve seen similar crackdowns wipe out crypto enthusiasm overnight—this isn’t a free pass.
Consider how Airwallex sprinting to an $8 billion valuation and India dangled semiconductor incentives in the same breath. Both moves ride on growth narratives that gloss over margin realities—fintech burn rates and policy shifts can crush those grand plans just as fast as a bear market.
Your takeaway: tread carefully on frothy valuations. Trim exposure to hyperscale fintech bets until profitability shows up in the P&L, and keep an eye on telecom infrastructure ahead of the Jio IPO—it may be the rare play where high growth meets solid cash flow.
📈 Breaking Financial News
Huge Wall Street call: Morgan Stanley's new Tesla analyst downgrades stock over valuation concerns
Morgan Stanley exited the bull camp on Tesla, saying valuation concerns outweigh its optimistic outlook for the electric vehicle maker in a huge potentially market-moving call on Wall Street. Analyst Andrew Percoco downgraded Tesla's stock to equal weight despite strong revenue trends, flagging stretched multiples as a key risk.
Coinbase mounts a cautious comeback in India, two years after exit
Coinbase resumes onboarding users in India after a two-year absence, enabling crypto-to-crypto trades as it lays groundwork for local fiat access.
Biocon shares decline despite analyst optimism on Biologics merger deal
The pharmaceutical major on December 6 unveiled plans to acquire the remaining 23.3% minority stake in BBL through a combination of share swaps and cash, valuing the biologics unit at $5.5 billion.
Corona Remedies IPO off to a moderate start with 37% subscription
The ₹655.37 crore IPO is entirely an offer for sale by promoters and existing shareholders, including Sepia Investments, Anchor Partners, and Sage Investment Trust.
Futurist Eric Fry says it will be a “Summer of Surge” for these three stocks One
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🔍 Market Analysis & Insights
Jio’s upcoming IPO likely to support telecom sector’s 12% CAGR ARPU growth by FY 28: JM Financial
JM Financial believes Reliance Jio’s planned IPO in 1HCY26 could be a major catalyst for India’s telecom sector, strengthening tariff-hike visibility, ARPU expansion and free cash flow for both Jio and Bharti Airtel. The brokerage projects ~12% ARPU CAGR through FY28.
Meesho shares command 36% GMP ahead of December 10 listing. Check all details
Meesho shares are trading at a grey market premium of Rs 40–41, a 36% gain over the IPO price, ahead of the company’s market debut on December 10. IPO allotments will be finalized by December 8, with shares credited to demat accounts on December 9.
Aequs IPO: Shares command 30% GMP ahead of December 10 listing. Here’s everything you need to know
Aequs’ Rs 921.8 crore IPO has garnered strong investor interest, with shares commanding a 30% grey market premium ahead of the December 10 listing. The issue was subscribed over 104 times, backed by robust QIB demand.
Coinbase Reopens India Signups, Targets Fiat On-Ramp in 2026 After Two-Year Freeze
Coinbase halted services entirely in 2023, off-boarded millions of Indian users and shuttered local access while reassessing regulatory exposure.
Venus gold royalty steals the spotlight in QGold takeover tussle
Venus Metals has laid bare the hidden value inside its books, detailing a gold royalty, strategic stakes and a multi-commodity project portfolio that dwarfs QGold’s opportunistic 17-cent per share offer.
Why Are 21 Billionaires Moving Their Money ASAP?
Under the surface of the U.S. financial system… One of the biggest stock market events in 25 years is rapidly unfolding… The economist who predicted the 2008 Financial Crisis says it will be: “The Biggest Crash of Our Lifetime.” Soon your favorite tech stocks like Nvidia, Apple, Microsoft, Google , and hundreds more could come crashing down…
💰 Investment Opportunities
Why Rigetti Computing (RGTI) Is Up 19.9% After Quantum Hype Meets Losses And Insider Selling – And What's Next
In recent weeks, Rigetti Computing has reported widening quarterly losses, softer revenue and sizeable insider selling, even as it continues to invest…
Chalhoub Group at 70: A Luxury Dynasty, 70 Years in the Making
Chalhoub Group executive chairman Patrick Chalhoub and CEO Michael Chalhoub reflect on a legacy forged through resilience, reinvention and a commitment to partnerships.
Budget 2026: What a year of trade data tells us about India’s economic priorities
Budget 2026: India's upcoming Union Budget 2026 faces a trade policy crossroads due to a widening deficit and shrinking exports, particularly to the US, driven by tariffs and Chinese competition. While electronics show growth, other sectors are contracting, subdued by policy headwinds.
Wakefit Innovations IPO day 1 live updates: Issue opens amid heavy primary market week
Wakefit Innovations Ltd’s ₹1,288.89-crore IPO opens for subscription today, marking the start of a busy week for the primary market with live GMP and subscription status updates.
Meesho IPO Allotment Status Live: How to check status on BSE & Registrar; GMP shows 36% listing gains. Check more details
Meesho’s Rs 5,421.20 crore IPO is scheduled to allot shares to investors today. The IPO drew bids 79 times its offering size, positioning it among the most anticipated tech listings this year.
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