Swiggy shares fall 7% in 3 days as MSCI removes stock from Global Standard Indices

Swiggy shares fell for a third consecutive day on Thursday, dropping nearly 2.5 percent to an intraday low of ₹261.35 on the NSE, after MSCI announced the company's deletion from its Global Standard Indices. The deletion, effective September 7, 2026, stems from Swiggy's foreign ownership limit and will force passive ETFs and global institutional portfolios to adjust their holdings, contributing to a roughly 7 percent stock decline over three sessions. Swiggy had capped foreign ownership at 49.5 percent in August to qualify as an Indian-owned and controlled company, a status enabling direct inventory sales via Instamart and potentially improving margins by 80 basis points.