India, March 3 -- Shares of foodtech major Swiggy dropped over 5%, hitting an all-time low of INR 317.15 during the intraday trading session on the BSE today (March 3).

In the first trading session of this week, the company's market capitalisation fell to INR 73,450 Cr with around 42 Lakh shares traded by 10:46 AM.

At the time of writing, Swiggy's shares were down 3.91% from the previous close (February 28) of INR 334.70 on the BSE.

Meanwhile, Swiggy's competitor, Zomato was 3% lower at INR 215.25 during the morning session.

The drop in both companies' stock price coincided with a broader market downturn, as Nifty was down 0.26% at 22,068.15, and the Sensex was down 0.29% at 72,984.58 at 10:53 AM.

(The story will be updated soon)

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