Shares of gaming major Nazara Technologies and fintech SaaS startup Zaggle declined over 7% each today
Most of the new-age tech stocks ended in the red today, with the total market capitalisation of 25 of these stocks under Inc42’s coverage falling to $65.25 Bn from about $67.91 Bn on Friday
The fall in the new-age tech stocks was in line with the rout in the global equities market, including India, amid concerns over an impending US recession, geopolitical tensions, among others
New-age tech stocks slumped on Monday (August 5) amid a sell-off in the global stock markets, which also impacted the Indian equity markets significantly.
While shares of gaming major Nazara Technologies and fintech SaaS startup Zaggle declined over 7% each today, as many as eight out of the 23 new-age tech stocks under Inc42’s coverage fell over 5% on the BSE.