Indian shares inched lower on Wednesday after three straight sessions of gains, tracking broader Asia as investors worried about Washington's tough stance on the trade talks with China, and as a slump in domestic automobile sales curbed risk appetite. US President Donald Trump said on Tuesday he was holding up a trade deal with China and had no interest in moving ahead unless Beijing agrees again to four or five "major points" that he did not specify.
Meanwhile, weak demand and a liquidity crisis at India's shadow banks put the brakes on automobile sales in the domestic market, with passenger vehicle sales in May declining over 20%, data from the Society of Indian Automobile Manufacturers showed. The broader NSE index fell 0.35% to 11,924.15 as of 0518 GMT, while the benchmark BSE index was down 0.37% at 39,802.41.
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