Stock market today, Sept. 2 -- Extending its selling spree for the second straight session, Swiggy share price today opened with a downside gap at Rs.270 per share on the NSE and touched an intraday low of Rs.264.55 apiece within a few minutes of the Opening Bell. While hitting an intraday low, the food delivery company's stock price crashed by over 4% during early-morning trading on Tuesday.

According to stock market experts, the food delivery company is facing complete delisting from the MSCI index in the upcoming MSCI rebalancing, triggering passive outflows from Swiggy shares. They said that the market is estimating up to $340 million in outflows from Swiggy shares. However, they maintained that the food delivery company's fundamenta...