CosmicTaco

Tech Stocks Tumble $3.3 Bn in Market Rout

CosmicTaco · 2025-01-28T10:42:10.897327+05:30

- New-age tech stocks, except IndiaMART, MobiKwik, and CarTrade, faced significant losses today, with Swiggy being the hardest hit, dropping 8.66%. - Despite the bleak market, MobiKwik and IndiaMART ended the day with slight gains after hitting fresh lows. - Broader market indices also fell, with Sensex and Nifty 50 closing down 1.09% and 1.14% respectively, driven by weak earnings and global sentiment. Source: [Inc42](https://inc42.com/buzz/new-age-tech-stocks-m-cap-slumps-3-3-bn-amid-bloodbath-in-broader-market/?_gl=1*17kr1e6*_gcl_au*MTMwODg2MjMuMTczNzY5NjMzMA..*_ga*MTE1MDE4MjYyMi4xNzM3Njk2MzMw*_ga_67F2T4M6Z5*MTczODA0MDg1MC4zLjEuMTczODA0MDg2Mi40OC4wLjA.)

New-age tech stocks, except IndiaMART, MobiKwik, and CarTrade, faced significant losses today, with Swiggy being the hardest hit, dropping 8.66%.
Despite the bleak market, MobiKwik and IndiaMART ended the day with slight gains after hitting fresh lows.
Broader market indices also fell, with Sensex and Nifty 50 closing down 1.09% and 1.14% respectively, driven by weak earnings and global sentiment.

Source: Inc42