Indian shares are expected to open positively after S&P Global Ratings upgraded India’s sovereign ratings to ‘BBB’ with a ‘stable’ outlook. The agency cited economic growth, monetary policy conditions, and fiscal consolidation as reasons for the upgrade. Automakers and FMCG stocks may be in focus following PM Modi’s promise of next-gen GST reforms. Trump-Putin Alaska summit ended without a deal, U.S. trade negotiators canceled visit to New Delhi, and Chinese Foreign Minister Wang Yi will meet with Modi before the SCO summit. Asian markets are mostly higher, while U.S. stocks ended mostly lower on Friday.

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