New-Age Tech Stocks Bleed On Broader Market Decline; ixigo Biggest Loser This Week

New-Age Tech Stocks Bleed On Broader Market Decline; ixigo Biggest Loser This Week

SUMMARY

ixigo emerged as the biggest loser this week, plummeting 7.59% to end at INR 163.20. Paytm, Nazara, Go Digit, MapmyIndia were among the other prominent losers

Fino Payments Bank continued its rally this week as well to emerge as the biggest gainer, with its shares zooming 6.85%

Amid the turmoil in the global markets, Sensex and Nifty 50 ended in the red this week. Meanwhile, Ola Electric became the latest startup to list on the exchanges

New-age tech stocks suffered a heavy dent amid a crash in the broader market at the beginning of the week due to a rout in global equities markets. Eighteen of the 25 new-age tech stocks under Inc42’s coverage declined in a range of 0.21% to just under 8% this week. 

Recently listed travel tech startup ixigo emerged as the biggest loser this week, plummeting 7.59% to end at INR 163.20. Paytm, Nazara Technologies, Go Digit, MapmyIndia were among the other prominent losers. 

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