<ul data-eligibleForWebStory="true"><li>The Indian equity market faced pressure this week due to rising geopolitical tensions and mixed global cues, causing a majority of new-age tech stocks to end in the red.</li><li>24 out of 33 new-age tech stocks declined while 9 gained, resulting in a $4 Bn decrease in the cumulative market cap of these companies.</li><li>FirstCry was the biggest loser, with shares dropping 8.88% this week, followed by other companies like MobiKwik, Eternal, and Swiggy.</li><li>Despite some losses, shares of Fino Payments Bank and Nazara Technologies gained, while ixigo emerged as the top gainer with a 9.33% rise in share value.</li><li>ArisInfra filed for an INR 500 Cr IPO, and the broader market saw a decline with Sensex and Nifty 50 ending lower amidst geopolitical tensions.</li><li>Nazara witnessed positive developments, including acquisitions, while Paytm's shares dipped due to uncertainty around MDR levy on UPI transactions.</li><li>The market will be cautious amid high valuations and geopolitical risks, with a focus on the upcoming US Fed meeting for further cues.</li></ul>

New-Age Tech Stocks Bleed Amid Broader Market Decline, FirstCry Biggest Loser This Week

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