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The Panorama newsletter is sent to Moneycontrol Pro subscribers on market days. It offers easy access to stories published on Moneycontrol Pro and gives a little extra by setting out a context or an event or trend that investors should keep track of.

The Indian stock market is telling two very different stories in 2025. On one hand, the secondary market is struggling to stay positive, weighed down by global uncertainties and tepid corporate growth. On the other hand, the primary market is rewriting history, with initial public offerings (IPOs) drawing unprecedented interest from investors.

According to a Moneycontrol report , IPO fundraising is poised to breach the ₹1 lakh crore milestone for only the third time in history, with three months still left in the calendar

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