India, June 26 -- Indian shares look set to open on a positive note Friday despite persisting concerns over tariffs and inflation.

U.S. President Donald Trump has hinted at a "very big" trade agreement with India, with Commerce Minister Piyush Goyal and U.S. Commerce Secretary Howard Lutnick confirming that both nations are negotiating a fair, balanced framework that could benefit businesses and consumers.

Benchmark indexes Sensex and Nifty both jumped around 1.2 percent each on Thursday to extend gains for a third straight session.

The rupee hit a two-week high before closing 39 paise stronger at 85.70 against the greenback amid easing geopolitical tensions and speculation that U.S. interest-rate cuts may come sooner than expected.

Asi...