Sensex, Nifty Eye Rebound After IT Rout as AI Fears Ease, US Tech Rises

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Moneycontrol•25-02-2026, 09:00
Sensex, Nifty Eye Rebound After IT Rout as AI Fears Ease, US Tech Rises
- •Indian markets Sensex and Nifty are expected to open higher, tracking a rebound in US technology stocks.
- •AI disruption fears ease, leading to a recovery in global tech shares, including Dow Jones, S&P 500, and Nasdaq.
- •Nifty IT index plunged over 5% on Tuesday, losing 21% this month amid AI concerns affecting traditional IT services.
- •Nifty's immediate support is at 25,300; resistance at 25,600-25,700. Bank Nifty shows resilience above 61,000.
- •Crude oil prices near multi-month highs due to US-Iran tensions, adding to macro concerns for India.
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