Your email has been successfully added to our mailing list.

×
0 0 0 0 0 0 0 -0.0026144739949125
Stock impact report

Foreign outflows from Indian IT stocks at 7-month high in February on AI shockwaves [Yahoo! Finance]

Palantir Technologies Inc. - Class A (PLTR) 
Company Research Source: Yahoo! Finance
Foreign portfolio investors sold IT stocks worth 169.49 billion rupees ($1.85 billion) for ?the month. That triggered a 19.5% drop in the IT index, its worst monthly performance since September 2008, ?when the global financial crisis upended equity markets, National Securities Depository (NSDL) data showed on Friday. The 10 constituents of the index lost about $62.8 billion in market capitalisation in February after U.S. firms such as Anthropic and Palantir unveiled key updates in AI automation. Last year, FPIs ?offloaded a record 750 billion ?rupees ($8.18 billion) of IT stocks on weaker earnings and softer client spending. "The IT sector is facing multiple headwinds, particularly from the rapid advancement ?of AI tools ," said Piyush Gupta, fund manager at AlphaGrep Investment Management. Constructive collaborations between Indian IT firms and global AI leaders, such as the strategic partnership between Infosys and Anthropic, and ?improvement in ?earnings in the sector will b Show less Read more
Impact Snapshot
Event Time:
PLTR
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison Updated
Event Day
Stock performance from the time of news release until the following 4pm ET market close
Last price at news event
Since Event
Multi-day stock performance from the time of the news release
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
LAST
PRICE AT
NEWS EVENT
SINCE EVENT
Multi-day stock performance from the time of the news release
Last Price
VWAP
High:
Max Up
High:
Low:
Max Down
Low:
%
Post news range
%
Price change

Price Change Percentage


S&P 500
(SPX)

%

Volume ratio
%

Volume
Ticks

Avg transaction size

Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Opt-in for PLTR alerts
Opt-in for
PLTR alerts

from News Quantified
Opt-in for
PLTR alerts

from News Quantified