While there are several reasons for this surge, peaks and troughs, booms and busts are an integral part of the stock market saga – much like the waves of the sea, which incessantly rise and fall. Hence, there could be an element of “irrational exuberance”, “froth” and “bubble”.
Swiggy shares fall 2%, down for 3rd session, as MSCI set to remove stock from Global Standard Indexes from September 7
Shares of Swiggy experienced a decline following MSCI’s decision to exclude the company from global indexes, prompted by its shift to full Indian ownership and