India, Sept. 2 -- Indian shares look set to open on a weak note on Wednesday, with trade tensions and caution ahead of the two-day Goods and Services Tax (GST) Council meeting, scheduled for Sept 3-4, likely to keep investors on edge.
Risks remain skewed to the downside amid uncertainty over U.S. trade tariffs and rising oil prices on supply concerns.
U.S. President Donald Trump said on Tuesday that he is not looking at lowering tariffs on India and there is an imbalanced trade relationship with New Delhi because of high Indian levies.
Benchmark indexes Sensex and Nifty gave up early gains to end modestly lower on Tuesday amid the weekly Nifty F&O expiry. The rupee declined 8 paise to close at a record low of 88.18 against the U.S. dolla...