Indian shares edge lower as weak Kotak results and stalled U.S. trade talks dampen sentiment amid stretched valuations.

• Nifty 50 and Sensex fall 0.16% and 0.2%; mid- and small-caps also post modest declines.
• Kotak Bank drops 7% on poor earnings; TCS slips 1.6% after FY26 layoff plans; IT index down 0.5%.
• U.S.-India trade talks stall; contrast with U.S.-EU pact adds pressure; earnings, FII outflows weigh on sentiment.