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New‑age tech stocks lose $11 bn market cap as Swiggy drops 24.5%
New‑age tech stocks lost over $11 bn in combined market capitalisation this week. Swiggy led the decline with a 24.5% fall, driving the broader sell‑off.
Why it matters: The sharp drop highlights heightened volatility in the Indian tech sector, impacting investors and professionals tracking market health.
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Startups18h ago2 sources