Indian New-Age Tech Stocks Surge 5.2% as CarTrade Jumps 23%

7 Nov 2026, 9:31 pm · 2h ago · 1 min read · Inc42New

Indian new-age tech stocks extended their weekly rally, lifting the combined market capitalisation of 69 tracked companies by 5.2% to $169.3 billion. CarTrade led the gains with a 23.3% rebound to ₹2,699.30, followed by Awfis climbing 20.4% and ixigo rising 19.1%. Key companies including Nykaa, Lenskart, and Ather Energy touched 52-week highs. In corporate updates, fintech Kissht saw its assets under management cross ₹10,000 crore driven by AI-led underwriting, while MobiKwik secured an RBI NBFC licence with plans to disburse ₹5,000 crore in loans. Additionally, Pine Labs partnered with Stripe for Singapore retail payments.