On Friday, the 30-share BSE Sensex rose 242 points or 0.34% to settle at 71,107, while the broader NSE Nifty index moved 94 points or 0.44% up to close at 21,349.
On the stock-specific front, Cochin Shipyard, Varun Beverages, Aether Industries, SpiceJet, Tata Motors and some other counters will be in focus today.
Vedanta Resources' decision to consider debt recast led S&P Global to downgrade its long-term issuer credit rating and long-term issue ratings on the company's bonds due January 2024, August 2024, and March 2025 to 'CC' from 'CCC'.