New-Age Tech Stocks Lose Almost $4 Bn In M-Cap This Week

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SUMMARY

Barring Fino Payments Bank, EaseMyTrip and CarTrade, 29 out of the 32 new-age tech stocks under Inc42’s coverage fell in a range of 0.15% to under 19% this week

In total, the total market cap of the 32 new-age tech stocks ended the week at $70.25 Bn as against $73.86 Bn at the end of last week

In the broader market, Sensex ended the week 0.67% lower at 73,828.91 and Nifty 50 fell 0.69% to close at 22,397.20

After seeing slight recovery in the initial few days of March, the sentiment turned negative in the Indian…



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New-Age Tech Stocks Lose Almost $4 Bn In M-Cap This Week


SUMMARY

Barring Fino Payments Bank, EaseMyTrip and CarTrade, 29 out of the 32 new-age tech stocks under Inc42’s coverage fell in a range of 0.15% to under 19% this week

In total, the total market cap of the 32 new-age tech stocks ended the week at $70.25 Bn as against $73.86 Bn at the end of last week

In the broader market, Sensex ended the week 0.67% lower at 73,828.91 and Nifty 50 fell 0.69% to close at 22,397.20

After seeing slight recovery in the initial few days of March, the sentiment turned negative in the Indian…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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