India, July 2 -- Indian shares ended Wednesday's session lower after reports emerged that trade talks with the U.S. are in the final stage.
U.S. President Donald Trump on Tuesday said New Delhi is prepared to reduce taxes for U.S. firms that could pave the way for a deal that could avert the 26-percent tariff rate he announced on April 2.
His comments followed media reports about negotiations hitting a stalemate over key agricultural demands.
According to local media reports, India has hardened its stance against granting duty concessions to American farm products, while seeking tariff cuts for its labor-intensive exports like textiles, engineering goods, leather and gems and jewelry.
The benchmark S&P/BSE Sensex fell 287.60 points, or ...