India, July 16 -- Indian shares were subdued on Wednesday as U.S. President Donald Trump announced a trade deal with Indonesia, adding the United States is close to securing full trade access into India.
India is taking a "wait and watch approach" with a senior government official telling PTI that the government will decide how to respond to the upcoming U.S. tariffs only after fully understanding their impact.
The benchmark S&P/BSE Sensex was down 125 points, or 0.2 percent, at 82,445 in early trade while the broader NSE Nifty index slid 58 points, or 0.2 percent, to 25,137.
Among the prominent decliners, Tata Steel, Tata Motors and Mahindra & Mahindra were down around 1 percent each.
HDB Financial Services lost 2.4 percent on reportin...