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

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…