India, Dec. 6 -- With consistent FII outflows and a declining rupee, the Indian equities market saw high volatility in the first week of December.

Amid this, new-age tech stocks came under the bear's grip. Thirty five out of the 47 new-age tech companies under Inc42's coverage fell in a range of 0.22% to close to 30%.

This led to a $3 Bn erosion from the cumulative market capitalisation of the companies. The m-cap of the 47 new-age tech companies stood at $128.67 Bn at the end of the week as against $131.27 Bn a week ago.

Following SEBI's crackdown last week, dronetech company DroneAcharya's shares saw the highest selling pressure this week. The stock plunged 29.13% to end the week at INR 40.2. The shares also touched an all-time low o...