India's BSE Sensex closed about 0.2% down at 80,544 on Wednesday, marking the second session of losses, dragged down by rate-sensitive stocks, after the Reserve Bank of India kept key rates unchanged and stuck to a ‘neutral’ policy stance. That dampened some hopes for a more dovish signal amid global trade headwinds. Meanwhile, President Trump said Tuesday he would increase the 25% tariff on Indian exports to the US “substantially over the next 24 hours,” citing the nation’s high barriers to trade and its purchases of Russian oil. On the corporate front, Sun Pharma, Tech Mahindra, Infosys, HCL Tech, and Bajaj Finance were among the top laggards, while Asian Paints, Mahindra & Mahindra, Bharat Electronics, Adani Ports, and State Bank of India posted the biggest gains.