Market Bizzz

In the current high-volatility market, adopting a conservative investment strategy is crucial. Investors should steer clear of high beta stocks, which tend to be more volatile and risky.

Melania Trump launches her own cryptocurrency, $MELANIA, following President-elect Donald Trump’s introduction of $TRUMP. The $MELANIA token witnesses a 70% surge within hours, trading at $12.31 and achieving a market capitalization exceeding $12 billion. Users can purchase the token via credit card or cryptocurrency SOL on the official website.

Wipro reported a 24% rise in consolidated net profit for Q3 FY25, reaching Rs 3,354 crore, with revenue marginally up by 0.5%. Analysts offer mixed ratings; the company’s strong performance in healthcare and high deal bookings stand out despite seasonal challenges.

In 2024, India’s ultra-high-net-worth investors showcased resilience, innovation, and adaptability, navigating equity, private markets, and global diversification. Key trends included robust equity market confidence, growth in private credit and equity, and the rise of single-family offices (SFOs). Technology-driven wealth management, alongside increasing interest in sustainability, ESG, and international investments, is expected to shape the investment landscape in 2025.

Bitcoin reaches $100,000 as anticipation grows for pro-crypto actions promised by incoming President Donald Trump. His commitment includes creating a U.S. crypto stockpile, implementing favorable regulations, and appointing a cryptocurrency advisor, while Bitcoin supporters prepare for celebration at a ‘Crypto Ball’.

WazirX successfully froze $3 million in stolen assets from last year’s cyberattack. Efforts spearheaded by founder Nischal Shetty aim to recover the entire $230 million stolen in 2024. Collaboration with law enforcement, forensic experts, and legal advisors continues to track and recuperate the lost funds while maintaining trust and security in cryptocurrency operations.

Mayuresh Joshi emphasizes the importance of selective investing due to inconsistent economic conditions and potential earnings downgrades in India, Hong Kong, and China. He highlights Adani Ports for its strong EPS and potential growth. Regarding Swiggy and Zomato, he notes competition and cash dynamics, suggesting Swiggy might outperform Zomato in the near term.