India, April 21 -- Indian shares look set to open on a cautious note on Tuesday as investors react to a sell-off in U.S. equities overnight amid concerns that President Trump's policies will boost inflation and push the country into a recession.
The downside, if any, may remain capped by hopes for a normal monsoon this year, signs of easing domestic retail inflation, encouraging quarterly earnings and FII inflows.
Meanwhile, Prime Minister Narendra Modi and U.S. Vice President JD Vance on Monday announced the Terms of Reference (TOR) for a bilateral trade agreement, which aims to "commit to a results-driven agenda" for a mutually beneficial partnership.
Benchmark indexes Sensex and Nifty jumped over 1 percent each on Monday to extend gai...