Stock market today, March 26 -- Shares of India's two leading food delivery aggregators-Zomato and Swiggy-have faced heavy selling pressure in recent trading sessions as global brokerages turned cautious about their near-term growth prospects, with the latest downgrade coming from global brokerage firm BofA.

Citing rising losses in the quick commerce space, the brokerage downgraded Zomato's shares to 'Neutral' from 'Buy' and trimmed the target price to Rs.250 per share from Rs.300. For Swiggy, the rating was lowered to 'Underperform' from earlier 'Buy,' while the price target was reduced to Rs.325 per share from Rs.420.

Reacting to this negative development, Swiggy shares tumbled 3.4% in today's trade, March 26, to Rs.326 apiece, while ...