Eighteen out of the 30 new-age tech stocks under Inc42’s coverage fell in a range 0.05% to over 10% between December 16 and 20
In the broader market, benchmark indices Sensex fell 4.98% to end the week at 78,041.59 and Nifty 50 slumped 4.76% to 23,587.50
Meanwhile, 12 stocks, including BlackBuck, Swiggy, Cartrade and TAC Infosec, ended the week with gains in a range 0.04% to just a bit under 19%
The sentiment in the global equities market was affected this week after the US Fed, while announcing a 25 basis points rate cut, hinted at a slower-than-expected pace of interest rate cuts in 2025. Indian markets, too, felt an impact of the bearish investor sentiment.
In line with the broader market, eighteen out of the 30 new-age tech stocks under Inc42’s coverage ended the week in the…
Read Full Article at: Inc42 Media