Nifty IT Index Snaps Five-Day Losing Streak
Indian IT stocks staged a strong recovery on Wednesday after a steep sell-off in the previous session, tracking a rebound in global technology shares and improved sentiment following fresh developments from AI startup Anthropic. The Nifty IT index rose 1.57% to, emerging as the top-performing sector on the NSE in early trade.
Rapid developments in AI are spurring questions about the long-term outlook for India's technology sector, even as executives frame disruption as an opportunity. IT shares carry roughly an 10.83% weightage in the blue-chip index, the second-highest.
Solar Stocks Crashed: US Imposed Countervailing Duties of 126%
Indian solar stocks like Waaree Energies, Premier Energies, and Vikram Solar came under sharp selling pressure on February 25, 2026, after the US Commerce Department imposed preliminary countervailing duties of about 126% on solar cell and module imports from India.
Nifty Metal Index Jumps Over 2.5%, Emerges as Top Gainer
On the sectoral front, 7 out of 11 key sectoral indices ended in positive territory. Meanwhile, broader indices such as the Nifty Midcap and Nifty Smallcap 100 indices outperformed headline indices with a gain of 0.58% and 0.94%, respectively.
On Wednesday, the Nifty Metal index emerged as the top gainer among the sectoral indices, ending 2.7% higher, extending previous gains. The index is trading just 1% below its record high.
On the other hand, the Nifty PSU Bank index plunged by 0.39%. The index is trading near its record high, and over the last one month it is up by over 11%.
Stock-Specific Highlights: IRFC, MCX, and Hindustan Zinc
Among individual stocks,
IRFC share price declines over 4.5% after Govt to divest up to 4% stake via OFS.
MCX, Hindustan Zinc share price surge up to 3% as Silver rally lifts sentiments.
Waaree Energies, Premier Energies, Vikram Solar share price slide over 10% as US Imposes 126% Solar Import Duty on India.
Nifty 50: Top Pullers and Draggers of the Day
The key drivers of the index gains were:
ICICI Bank: +24.60 points
Tata Consultancy Services: +12.45 points
Mahindra & Mahindra: +11.36 points
On the other hand, these stocks weighed on the index:
Reliance Industries: -44.89 points
State Bank of India: -21.08 points
Bharti Airtel: -17.39 points
Market Breadth
As of February 24, 2026, the market breadth was in favour of advancing stocks. Out of 3,287 stocks traded on the NSE, 1,701 advanced, 1,480 declined, and 106 remained unchanged.
A total of 77 stocks touched their 52-week highs, while 243 hit their 52-week lows. Additionally, 59 stocks were locked in their upper circuits, whereas 86 stocks were locked in lower circuits.
Disclaimer: The article is for informational purposes only and not investment advice.