Reuters Market Eye - Shares in Sesa Sterlite Ltd and Hindustan Zinc gain after Moody's Investors Service upgraded its outlook for parent company Vedanta Resources Plc to "stable" from "negative" .
Moody's said Vedanta has taken steps to improve its credit profile, simplifying its group structure through the formation of Sesa Sterlite - the result of a merger between Sesa Goa and Sterlite Industries - and through its more proactive approach to refinancing debt.
Moody's has a "Ba1" corporate rating on Vedanta and a "Ba3" rating on the miner's senior unsecured debt.
Shares in Sesa gained nearly 1 percent while Hindustan Zinc was up 0.3 percent at 1:19 p.m.
(Reporting by Indulal PM)
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