New Delhi:
The Indian Stock Market saw huge selling last week. In the business session from February 10 to February 14, the Nifty declined by 2.8 percent and it was the worst week in the year. The impact of this decline has also been seen on the stock market shares of startup companies and the shares of these companies have fallen by up to 23 percent. Fintech shares have recorded the biggest decline in New Age Tech companies.
Paytm’s stock drops 9.79%
Last week, Fino Payments Bank Share Price slipped 22.66 percent to close at Rs 226.10. At the same time, Veefin Solution Share Price recorded a decline of 22.92 percent and it closed at Rs 402.35. Paytm Share Price has fallen by 9.79 percent and closed at Rs 719.90 on Friday.
Apart from this, the stock of e-commerce company Unicommer Esolutions Share Price fell by 20.98 percent in the last week and closed at Rs 118. At the same time, the stock of Jaggel Prepaid Ocean Services has fallen by more than 18 percent and it closed at Rs 347.15.
Food delivery company Swiggy and Jomento huge losses
In the trading session from 10 February to 14 February, the shares of Food delivery company Swigy and Zomato Share Price fell by 5.41 percent and 6.36 percent respectively and it closed at Rs 341.60 and Rs 216.44 respectively.
Last week, Ola Electric’s stock fell 13 percent to close at Rs 60.87.
Nifty Realty Index slipped more than 9%
The Nifty Realty Index led the decline and slipped more than 9 percent a week. At the same time, the Nifty Oil and Gas Index declined by 6 percent. Apart from this, the Nifty Midcap 150 index has been the biggest decline ever after Corona. At the same time, the Nifty Smallcap 250 index slipped 9.5 percent during the week, which is the biggest decline since Kovid-19. During this period, BSE midcap and smallcap index closed down 2.59 percent and 3.24 percent.
FPI sold shares worth Rs 21,272 crore in the first two weeks of the month
The process of withdrawal of foreign portfolio investors (FPI) continues from the stock market. According to the data, foreign portfolio investors have sold shares worth Rs 21,272 crore so far in the first two weeks of this month amidst increasing tension globally after the US imposed duty on imports. According to depository data, in this way, about one lakh crore rupees (Rs 99,299 crore) have been withdrawn from FPI shares in the current year.