New Delhi, Sept. 3 -- Swiggy share price fell for the second consecutive session, slipped over 2.30% on NSE in Thursday's trading session after global index provider MSCI announced on Wednesday, September 2, the removal of the food delivery company from its flagship MSCI Global Standard Index as well as the MSCI Mid Cap Index from 7 September, just a year after its inclusion.

Swiggy share price opened at Rs.265.35 on NSE today, as compared to previous close of Rs.267.70 on Wednesday.

The stock declined 4% on Wednesday to Rs.264.55, its lowest level since late July, taking its two-day losses to 6%. The drop erased nearly Rs.5,000 crore from the company's market capitalisation, which fell to Rs.77,813 crore.

The food delivery company was...