India, Aug. 13 -- Indian shares may follow global peers higher on Wednesday after the U.S. announced a delay in the implementation of tariffs on some Chinese products - essentially calling a temporary and minimal ceasefire in the year-long U.S.-China trade dispute.

That said, concerns over weak auto sales amid sluggish consumer demand, rising oil prices and apprehensions over capital outflows may trigger profit taking at higher levels as the session progresses.

On the earnings front, Coal India reported 22.3 percent rise in consolidated profit for the June quarter. Grasim Industries, Indiabulls Real Estate, IDBI Bank, and Wockhardt are among the prominent companies that will unveil their quarterly earnings results later today.

Banks coul...