India, June 15 -- After last week's rally, the Indian equity market came under pressure this week due to rising geopolitical tensions and mixed global cues. In line with this, a majority of new-age tech stocks ended in the red this week.

Twenty four out of the 33 new-age tech stocks under Inc42's coverage declined in a range of 0.19% to slightly under 9% this week. Meanwhile, nine new-age tech companies gained in a range of 0.61% to 9.33%.

As a result, the cumulative market cap of these companies declined by about $4 Bn to $87.32 Bn at the end of the week from $91.07 Bn a week ago.

After rallying the most last week, FirstCry emerged as the biggest loser this week. Its shares slumped 8.88% to end at INR 378.35. With this, the company's ...