India, Jan. 6 -- Indian shares look set to open on a weak note Wednesday as investors weigh the risk of fresh U.S. tariffs and rising geopolitical tensions.

Reliance Industries shares could be in focus after the company refuted claims of receiving Russian oil at its Jamnagar refinery in recent weeks and stated that there is no connection between the reports and equity price movements.

On the earnings front, Premier Energy and Infrastructure, and Galaxy Agrico Exports will publish their quarterly earnings results later today.

Benchmark indexes Sensex and Nifty dropped around 0.4 percent and 0.3 percent, respectively on Tuesday to extend losses from the previous session amid the NSE Nifty weekly expiry.

The rupee snapped its four-day losi...