India, Feb. 13 -- Indian shares may follow global peers higher on Friday after U.S. President Donald Trump announced a new reciprocal tariff plan, aiming to match levies imposed by other nations, but delayed any immediate action, raising the prospect for negotiations.

Defense stocks could be in focus today after Trump said the United States will be increasing its military sales to India by billions of dollars and his administration is paving the way to provide India with F35 Stealth fighters.

Benchmark indexes Sensex and Nifty erased early gains to end marginally lower on Thursday, extending losses for a seventh day running. The rupee settled 3 paise higher at 86.92 against the dollar.

Union Finance Minister Nirmala Sitharaman on Thursda...