Mixed Day for Markets — IPO Buzz Around Meesho & Aequs, but Global Caution Stays

Markets End Mixed as Meesho & Aequs IPO Buzz Offsets Global Caution

Written by: Supriya Kadu

Edited by: Pinky Deshmukh

Last Updated: December 10, 2025

Summary: The markets are in a bit of a mood swing; Meesho and Aequs both started off strong, but risk-taking is still low.

Indian markets saw a bit of a tug-of-war today. On one hand, fresh buzz around IPO listings gave sentiment a lift — but on the other, global uncertainty and cautious investors kept the gains in check.

The headline grabber: Meesho made a smashing debut on Dalal Street. Its shares opened roughly 46% above the IPO price — a strong signal that at least some investors are confident about its long-term story.

Not far behind, Aequs also had a decent listing: its shares began trading at about 13% premium over the IPO price. Investors seemed comfortable backing its manufacturing-and-aerospace linked business, at least for now.

But it wasn’t all smooth sailing. Broader market sentiment remained cautious — partly because of global headwinds and partly because investors are waiting to see how the macro environment plays out over the next few weeks. As a result, gains stayed modest for a lot of large-cap and mid-cap stocks.

Some of the usual buzz-words were in focus too: financials, metals, and infrastructure stocks flickered. Meanwhile, names related to consumer tech and discretionary spending looked a bit shaky — seems like some traders are sitting tight until global cues become clearer.

In short: it’s a mixed-bag kind of day. For those tracking IPOs — Meesho and Aequs delivered what many hoped for. But for broader investors, today was more about holding fire, watching developments, and waiting for clearer signals before committing more heavily.