Genetic variability, heritability and genetic advance were computed among 14 strains of wheat under drought stress conditions during rabi 2000-01. A similar set of strains was used to compute the viability, adaptive value and selection coefficient under drought and salinity stress conditions during rabi 2001-02. Heritability estimates were low to moderate except for grain yield/plant. For grain yield/plant high heritability estimate (75.85%) was associated with higher genetic advance (20.30%). In case of present population, selection based on grain yield/plant were more fruitful. The days to 75% flowering of a strain was not always correlated with its viability. The adaptive value of a strain was the function of a genotype and the environment in which it was grown.