India, Aug. 19 -- Indian shares look set to open lower on Wednesday amid a broad selloff in global technology stocks.
Trade concerns may also weigh after U.S. Treasury Secretary Scott Bessent claimed some of the "richest families in India" are involved in the country's "unacceptable" "profiteering" from buying and reselling Russian crude, while reiterating plans to boost tariffs on the South Asian nation.
A day earlier, White House trade adviser Peter Navarro in a column for the Financial Times lambasted India's "Big Oil Lobby" for driving purchases of Russian oil.
Benchmark indexes Sensex and Nifty rose around half a percent each on Tuesday to extend strong gains from the previous session amid hopes that Prime Minister Modi's recent GST...