India, July 27 -- Indian shares look set to open on a cautious note Monday, with IT stocks likely to be in focus after TCS, India's largest IT services firm, said it would lay off about 2 percent, or 12,261 employees, of its global workforce this year in the wake of global economic uncertainties and artificial intelligence-driven technological changes.Fears over the August 1 U.S. tariff deadline and foreign fund outflows may also weigh on markets as the session progresses.
Commerce and industry minister Piyush Goyal on Saturday stated that the India-U.S. trade talks were 'making fast progress', with both sides looking to finalize the first tranche of the agreement by fall (September-October).
A team of negotiators from the U.S. government...