India, March 9 -- Indian shares look set to open on a flat note Monday after Federal Reserve Chair Jerome Powell said the U.S. central bank is "well positioned to wait for greater clarity" about the impact of President Trump's policy changes.

Trump on Friday reiterated that India charges "massive tariffs" and said that you can't sell anything in the country.

"India charges us massive tariffs. Massive. You can't even sell anything in India... They have agreed, by the way, they want to cut their tariffs way down now because somebody is finally exposing them for what they have done," he told reporters at the White House.

Market experts remain cautiously optimistic on the outlook following last week's recovery. It's going to be a truncated w...