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Selective gains: Grasim, Infosys, JSW Steel advance as broader market steadies
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Grasim, Infosys, and JSW Steel posted modest advances amid steady sentiment, sector rotation, and supportive domestic flows, with macro cues and upcoming earnings guiding near-term direction.
Indian equities saw selective buying with Grasim Industries up about 0.67%, Infosys rising 0.69%, and JSW Steel gaining 0.68%, reflecting steady sentiment in quality largecaps. Moves were supported by stable global cues, resilient domestic macro data, and positioning ahead of upcoming earnings updates. Volumes were moderate, with sector rotation evident into IT and metals following recent underperformance. Market participants cited continued domestic institutional support and improving forward guidance commentary as incremental positives. Key watch items include US yields, crude trends, and management outlooks that could influence near-term direction for export-linked and commodity-sensitive stocks.