Swiggy Stock Falls 4% As MSCI Delisting Triggers Selling; Shares Down 30% In 2026
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Swiggy shares dropped over 4% for a second session running as the stock faces likely exclusion from the MSCI index, with estimated passive outflows of up to $340 million adding to a year in which the stock has already fallen more than 30%.
Food delivery platform, Swiggy shares fell more than 4% in early trade on Tuesday, extending losses for a second session. The stock opened at ₹270 on the NSE and fell to ₹264.55 within minutes of the opening bell.
The fall comes ahead of Swiggy's removal from the MSCI index in the upcoming rebalancing. The food delivery company was added to the index in August 2025 but is now set to be removed.
The expected change has led to selling pressure in the stock, with funds that track the MSCI index likely to cut their holdings. Market estimates suggest that Swiggy could see passive outflows of up to $340 million following the removal.
The development comes at a difficult time for the stock. Swiggy shares have already fallen more than 30% in 2026. They are down around 7.5% over the past six months and close to 40% over the last year.
MSCI Rebalancing In Focus
The MSCI change is the main factor being watched in Swiggy shares. When a stock is removed from an index, funds that follow the benchmark may have to sell their holdings. This can increase selling around the time the changes are implemented.
Swiggy's inclusion in the MSCI index came in August 2025. Its removal now could result in a sizeable adjustment in holdings, depending on how much of the stock is held by passive funds.
The potential outflow of up to $340 million is therefore significant for Swiggy. The actual amount could be different as funds make their portfolio adjustments.
The stock is also coming off a weak run. Swiggy has lost more than 30% since the beginning of the year and is down nearly 40% over the past 12 months. The latest fall has brought it closer to its 52-week low of ₹235.
The weak broader market has added to the pressure on the stock. However, the MSCI rebalancing remains the immediate trigger for the latest fall.
Swiggy Share Price
Swiggy shares have been moving in a ₹230-₹280 range. The stock's recent decline has brought the lower end of this range into focus.
The ₹280 mark is the key level on the upside. A move above it could give the stock some room to recover from its recent losses.
On the downside, the ₹230-₹235 zone is important. ₹235 is Swiggy's current 52-week low, while ₹230 marks the lower end of the broader range.
Tuesday's low of ₹264.55 is still above this support area. A further fall could bring the ₹230-₹235 zone into focus, particularly if selling linked to the MSCI change remains strong.
Swiggy shares have fallen around 7.5% over the past six months and close to 40% in one year. The stock's 30% decline in 2026 has also left it well below its earlier levels.
For now, the market will watch the selling that follows the MSCI change and whether the stock can hold the ₹230-₹235 support zone. On the upside, ₹280 remains the level to watch for signs of a recovery.
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This article is for informational purposes only and should not be considered investment advice from Kotak Neo. For compliance T&C and disclaimers, Visit www.kotakneo.com/disclaimer
Rochelle Britto has spent 8+ years decoding India's markets, businesses, and consumer economy, reporting for ET Prime and Times Internet along the way, covering the stories behind the numbers.
A Mumbai native and perpetual planner of the next holiday, she stays far, far away from the eternal question, “Where are we going next?” When she's not chasing headlines, she's chasing new cultures, open roads, and a bit of quiet in nature.
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