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IT Stocks Rebound: Infosys, TCS Lead Recovery After ₹1.1 Lakh Crore Rout; Positive Triggers Emerge
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IT Stocks Rebound After ₹1.1 Lakh Crore Rout; Positive Triggers Emerge
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CNBC TV18
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25-02-2026, 09:19
IT Stocks Rebound After ₹1.1 Lakh Crore Rout; Positive Triggers Emerge
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Indian IT companies like Infosys, TCS, Wipro gained up to 4% on Wednesday, February 25.
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The rebound follows a ₹1.2 lakh crore market cap rout on Tuesday.
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All 10 stocks on the Nifty IT index are trading with gains.
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US software stocks, including Salesforce, saw a relief rally overnight after Anthropic announced SaaS partnerships.
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Many IT stocks are now in "oversold" territory, with Nifty IT index facing its worst monthly performance since April 2003.
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