India's BSE Sensex closed about 0.2% higher at 81,481.9 on Wednesday, advancing slightly for the second day, supported by strong earnings despite caution over the Fed’s upcoming decision and lingering uncertainty over a delayed India-US trade deal. India is bracing for higher US tariffs of 20–25% on some exports ahead of an August 1 deadline to seal an agreement, government sources told Reuters. On the sectoral front, industrials, utilities, and power were the top performers while auto shares and financials faced selling pressure. Larsen & Toubro jumped over 4% after the infrastructure major reported a 29.8% rise in consolidated net profit during the June quarter, driven by strong overseas order growth. NTPC gained 1.3% on reporting a 12% rise in its Q1 consolidated net profit. On the downside, Tata Motors shed over 3% amid investor concerns that a reported $4.5 billion takeover of Italy’s Iveco could stretch the company’s balance sheet.