India, July 8 -- Indian shares look set to open on a sluggish note Wednesday, tracking mixed cues from global markets after U.S. President Donald Trump offered no exceptions to his Aug. 1 tariff start date.
Trump also announced a 50 percent tariff on copper imports and hinted at a potential 200 percent tariff on pharmaceuticals, marking a new phase in his aggressive trade policy.
Closer home, media reports suggest that India is not desperate for an early trade deal at the cost of the country's interest.
Benchmark indexes Sensex and Nifty eked out modest gains on Tuesday after reports suggested that a mini trade deal between the U.S. and India could be announced "in a day or two". The rupee rose by 26 paise to close at 85.68 against the U...