India's BSE Sensex erased early gains to close about 0.3% down at 84,391 on Wednesday, marking the third session of losses, as selling pressure increased ahead of the US Federal Reserve’s policy outcome. A 25 bps rate cut is largely anticipated but a potential more hawkish 2026 outlook kept investors on edge. Meanwhile, the domestic market continued to be affected by persistent FII outflows, currency weakness and delays in the US-India trade deal. Eternal, Trent, Bharti Airtel, Infosys and Tech Mahindra were among the biggest decliners, losing between 0.8% and 3%.