India, Aug. 7 -- Indian shares look set to open on a sluggish note Friday as U.S. President has ruled out any possibility of trade negotiations with India and Prime Minister Narendra Modi said India would not compromise on the interests of its farmers, fishermen or livestock rearers, even if it meant paying "a heavy personal price."

India is exploring new markets for its exports-both goods and services-as a diversification strategy amid the United States' decision to levy high tariffs on Indian exports, said Dammu Ravi, Secretary (Economic Relations), Ministry of External Affairs.

Benchmark indexes Sensex and Nifty reversed early losses to end marginally higher on Thursday. The rupee consolidated in a narrow range before settling up 3 pai...