India's BSE Sensex closed virtually unchanged at 82,634.5 on Wednesday, remaining near its highest level since July 10, as investors stayed cautious amid ongoing trade developments and the release of first-quarter FY26 earnings. US President Donald Trump announced a trade deal pact with Indonesia but flagged steep tariffs on pharmaceuticals and semiconductors by the end of July. Trump also announced that India is negotiating a trade deal similar to the US-Indonesia agreement, aiming for increased US market access. Overall, 8 of the 11 major sectoral indices ended higher, led by IT (+0.6%) as Tech Mahindra rose 1.9% ahead of its results. The auto index gained 0.4%, driven by Mahindra & Mahindra, while Tata Motors capped gains. Among notable stock movers, ITC Hotels rallied nearly 5% after reporting a 54% year-on-year jump in Q1 net profit. Metals edged down 0.5%.