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.
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Market Analysis
June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.