Indian shares may open cautiously as trade talks with the U.S. progress and investors react to earnings from Larsen & Toubro and Bank of India. PNB, Tata Steel, and IndiGo will report their quarterly results today. President Trump has warned of tariffs up to 25% on India, but the final decision is pending. The IMF has upgraded India’s growth forecast to 6.4% for 2025-26 and 2026-27. In the U.S., officials are waiting for Trump to decide on extending a trade truce. Overnight, U.S. stocks dipped slightly, with the Dow, Nasdaq, and S&P 500 all posting losses. European stocks closed higher, with the STOXX 600 rising 0.3%.

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