Indian Tech Stocks Shed $11 Billion as Swiggy Slumps 24.5%

25 Oct 2026, 12:19 am · 4h ago · 1 min read · Inc42

Indian new-age tech stocks lost over $11 billion in combined market capitalisation this week amid broad market weakness. Swiggy led the decline, falling 24.5% to ₹176.70 following widening losses at its quick commerce vertical, Instamart. Sixty-three of 67 tracked tech companies fell, with twelve firms including FirstCry, Turtlemint, and Paytm touching fresh 52-week lows. Meanwhile, B2B manufacturing firm Zetwerk and defence technology player Tonbo Imaging made their stock market debuts at a premium before slipping below listing prices. Separately, Eternal posted a 92% profit rise and launched Dark, an encrypted AI platform.