Broader market stocks saw heavy selling, with one time advance-decline ratio rising to 1:8 levels. However, clarity on newly enacted rules from BSE helped recover some losses.
SoftBank founder Masayoshi Son remarked on Tuesday that if Swiggy goes public, the Indian food delivery startup will yield "good returns." As Swiggy's competitors, Zomato has already gone public and therefore its share price is doing really well.