New-Age Tech Stocks Plunge This Week As Bloodbath Continues On D-Street

The Indian equities market saw another disappointing week, with benchmark indices plunging about 3% each due to across-the-board selling. Over 900 companies touched fresh 52-week lows on the BSE in the final week of February.

The bloodbath in the broader equities market extracted a toll of about $5 Bn in terms of market capitalisation on 32 new-age tech stocks under Inc42’s purview from last week.

The market capitalisation of the 32 new-age tech stocks slumped to $73.06 Bn at the end of February from $102.11 Bn market capitalisation…