IT, metals lead rebound in Indian shares after Tuesday's selloff

Vikram Solar

25/02/2026 06:43

** India's benchmark Nifty 50 .NSEI and Sensex .BSESN rise 0.7% each, led by a rebound in IT and metals

** Both fell more than 1% each on Tuesday

** Fourteen of 16 sectors gain; IT index rises 2.6% after a 4.7% drop on Tuesday on AI-disruption fears

** Steel makers JSW Steel JSTL.NS up 2%, Tata Steel TISC.NS rises 3.5%, Jindal Steel JINT.NS gains 2.5%; metal index .NIFTYMET up 2.8%

** CLSA hikes PT of the three stocks, citing gains from the recent imposition of safeguard duty and a rise in steel prices

** The broader small-caps .NIFSMCP100 and mid-caps .NIFMDCP100 rise 0.8% and 0.6%, respectively

** Wednesday's market rebound supported by visible bargain hunting and broad-based buying, including a technical rebound in IT, analysts say

** Other Asian markets .MIAPJ0000PUS rise 1.5% tracking a Wall Street rebound overnight, led by technology stocks MKTS/GLOB

** Waaree Energies WAAN.NS tumbles 11.3%, Premier Energies PEME.NS falls 5.5%, Vikram Solar VIKO.NS slides 5% after U.S. sets preliminary duties of 126% on solar imports from India

 (Reporting by Bharath Rajeswaran in Bengaluru)

 ((bharath.rajeswaran@thomsonreuters.com; +91 9769003463;))