Indian benchmark indices closed lower on Thursday, pressured by losses in heavyweight banks and Maruti Suzuki amid U.S. tariff concerns. The BSE Sensex fell 203.22 points (0.27%) to 75,735.96, while the Nifty 50 declined 19.

Broader markets outperformed the benchmarks, with small-cap shares leading the charge. The Nifty Smallcap100 index settled with gains of 1.43 per cent

US: Federal Reserve Governor Philip Jefferson will speak at the Martin H. Crego Lecture in Economics, in New York — 3:30 a.m. China: One-year Loan Prime rate and Five-year Loan Prime Rate — 6:30 a.m.

Early indications from the Modi-Trump talks are positive from the market perspective, said V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services.

The BSE Sensex closed at 75,967.39, down 29.47 points or 0.04 per cent from its previous close on Tuesday. NTPC, Zomato, Power Grid and Tech Mahindra were the top gainers.

Indian benchmark indices began Thursday's trading session with losses, reflecting weakness in other Asian markets. Investor sentiment was dampened by uncertainty over US tariff measures and concerns about their impact on inflation.

The trends on Gift Nifty also indicate a weak negative for the Indian benchmark index. The Gift Nifty was trading around 22,900 level, a discount of nearly 64 points from the Nifty futures’ previous close.