India, March 26 -- Indian shares may open on a sluggish note Thursday after U.S. President Donald Trump announced 25 percent tariffs on auto and auto parts starting next week, ratcheting up trade tensions and heightening concerns about the path for inflation and global growth.
Trump said the tariffs are "permanent" and he was not interested in negotiating any exceptions.
In another significant development, Washington has placed New Delhi on the same level as Beijing in connection with the supply of precursor chemicals used by drug cartels to manufacture opioids like fentanyl.
Benchmark indexes Sensex and the Nifty fell around 0.9 percent and 0.8 percent, respectively on Wednesday to snap a seven-session winning streak. The rupee gained 3...