Updates for morning trade

By Vivek Kumar M and Bharath Rajeswaran

March 5 (Reuters) - India's benchmark indexes rose on Wednesday, led by information technology stocks, with analysts anticipating a short-term rebound due to attractive buying opportunities after the recent slide.

The Nifty 50 .NSEI rose 0.65% to 22,226.9 by 10:23 a.m. IST, while the BSE Sensex .BSESN added 0.58% to 73,419.22.

If the gains hold, Nifty will snap its longest daily losing streak on record in which it dropped 4% in 10 sessions.

"While the recent correction has been sharp, breaking through multiple supports, the oversold conditions in the market provide attractive buying opportunities and keep the door open for a potential short-term rebound," said Rajesh Bhosale, analyst at Angel One.

However, with the rising global trade uncertainty, caution will prevail in the near term, Bhosale said.

In his address to Congress on Tuesday, U.S. President Donald Trump reiterated his intention to impose reciprocal tariffs on April 2, a move that could likely roil global financial markets even more.

All the 13 major sectors advanced, with the IT index .NIFTYIT rising 2%. The IT index lost 8.4% in the last 10 sessions.

Coforge COFO.NS jumped 9.7% after signing a 13-year deal, valued at $1.56 billion, with U.S. travel technology provider Sabre Corp SABR.O.

Persistent Systems PERS.NS and Infosys INFY.NS rose 4.6% and 1.5%, respectively, after JP Morgan placed them in its high-conviction ideas, anticipating strong growth.

The broader small-caps .NIFSMCP100 and mid-caps .NIFMDCP100 gained 1.7% and 1.5%, respectively. They had confirmed a bear market last month.

Automaker Mahindra & Mahindra MAHM.NS rose 2.2% after UBS upgraded the stock to "buy" from "neutral", citing potential volume growth in the fiscal 2026.

Most Asian markets also gained on Wednesday, with the MSCI Asia ex-Japan .MIAPJ0000PUS adding 1.2%, on hopes of a partial roll-back of U.S. tariffs on Canada and Mexico after the U.S. Commerce chief hinted at some relief. MKTS/GLOB

(Reporting by Vivek Kumar M and Bharath Rajeswaran in Bengaluru; Editing by Sumana Nandy, Janane Venkatraman and Eileen Soreng)

((VivekKumar.M@thomsonreuters.com; bharath.rajeswaran@thomsonreuters.com))