Indian shares down

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.