New-age tech stocks extended their rally this week as the broader Indian market regained some footing. Forty six out of the 56 new-age tech stocks under Inc42’s coverage gained in a range of 0.06% to over 20% this week. Online travel aggregator (OTA) Yatra emerged as the biggest gainer, zooming 20.15% to end the week at ₹123.2.

Yatra’s competitor ixigo also gained 5.14% to end at ₹179.05, while EaseMyTrip declined 2% to end at ₹7.85. Bigger companies like Eternal (up 5.14%), Groww (up 2.37%), Paytm (up 3.45%), and Nykaa (up 3.95%) were among the other significant gainers this week. Shares of five companies – Lenskart, Ather Energy, Honasa Consumer, Groww and Aequs – also touched fresh 52-week highs this week.

Meanwhile, shares of 10 new-age tech companies declined in a range of 0.17% to close to 5% this week. While Yudiz ended the week 4.86% lower at ₹29.35, Delhivery, Ola Electric and Wakefit were among the other losers. Overall, the market cap of 56 new-age tech companies increased by over $4 Bn to $133.72 Bn by the end of the week.

With that, let’s take a look at some of the developments at listed new-age tech companies this week. Delhivery’s early investor Nexus Venture Partners offloaded shares worth ₹186 Cr at ₹465 apiece via block deals, taking its total selling to ₹716 Cr within a week. Zelio E-Mobility appointed the former head of Navi’s UPI business, Divyanshu Agarwal, as its CEO.

Effective April 15, Agarwal will lead the company’s growth strategy and manufacturing expansion push. Shadowfax has initiated the acquisition of the remaining 10.41% stake in logistics company Criticalog India, which would make the latter its wholly owned subsidiary. The transaction is expected to be completed this month.

Paytm’s shareholding in defunct real money gaming subsidiary, First Games, increased to 83% from 55% upon conversion of a loan investment of ₹197 Cr into 19.68 Cr shares in the subsidiary. As per Paytm, First Games’ net worth plunged to negative ₹267.08 Cr at the end of FY25. Now, let’s take a look at what happened in the broader market this week.

Markets Edge Higher On IMF Projection, West Asia Peace In a holiday-shortened week, benchmark indices Sensex and Nifty 50 rose 1.2% each to close at 78,493.54 and 24,353.55, respectively. The broader market rally was driven by improving global sentiment, with expectations of a permanent end to the military conflict in West Asia. The stock exchanges were closed on April 14 (Tuesday) on account of Ambedkar Jayanti.

On the domestic macro front, inflation showed signs of firming up. CPI inflation edged up to 3.40% in March 2026 from 3.21% in February, largely due to higher food prices. Wholesale inflation accelerated to a 38-month high of 3.88%, led by rising prices of crude petroleum, fuel, and manufactured goods, pointing to building cost pressures.

In a positive signal, the IMF raised India’s FY27 GDP growth forecast to 6.5%, even as it flagged global recession risks, highlighting the country’s macroeconomic resilience. However, as per IMF global GDP data, India fell to being the world’s sixth largest economy behind the US, China, Germany, Japan and the United Kingdom. However, FIIs remained net sellers during the week, offloading equities worth ₹250 Cr, said Pabitro Mukherjee, AVP of research at Bajaj Broking.

Despite being net buyers in three of the four trading sessions, domestic institutional investors also turned net sellers, with outflows of ₹6,290 Cr over the same period. Going ahead, Geojit’s research head Vinod Nair believes that the market direction will hinge on progress in negotiations between the US and Iran, crude oil price stability, and foreign capital flow trends. “Sustained de-escalation could ease inflation and currency pressures, improving risk appetite for import-sensitive markets like India.

Q4 earnings and FY27 management guidance will shape sectoral leadership. Sentiment is constructive but markets will remain selective amid lingering global uncertainties,” he added. With that, let’s take a look at what the week was like for Fino Payments Bank and PhysicsWallah.

Fino Payments Bank Recovers Shares of Fino Payments Bank saw a modest uptick during the week, gaining over 5% to end the week at ₹142.4. The increased investor interest in the stock coincided with the bank’s announcing on April 15 (Wednesday) its migration to a new Finacle core banking system (CBS) with a ₹200 Cr investment aimed at improving scalability and accelerating its transition into a small finance bank. The bank said that the migration was carried out through a carefully phased approach, with a temporary moderation in business volumes during Q4 FY26 to prioritise system stability and data integrity.

“Despite the scale and complexity involved, the transition was completed within the anticipated timeline, underscoring strong execution and operational discipline,” it said. While the migration led to a temporary moderation in business volumes in Q4 FY26, it could help the ba