India's BSE Sensex closed about 0.4% down at 83,190.3 on Thursday, the second straight session of losses, as weakness in IT stocks outweighed gains in financials, autos and metals. Market sentiment stayed cautious amid uncertainty over a possible trade deal with the US and the kickoff of the June-quarter earnings season, starting with TCS. India reportedly aims to conclude the first phase of a comprehensive bilateral trade deal with the United States by September or October and an interim pact ahead of the new August 1 deadline to avoid additional tariffs. Meanwhile, the latest FED minutes revealed most policymakers favored interest rate cuts later this year. On the corporate front, Bharti Airtel, Asian Paints, BEL, Tech Mahindra, Infosys, Eternal and HCL Tech were the biggest laggards, shedding between 0.7% and 2.7%.