India's equity benchmarks were little changed on Wednesday as gains in fast-moving consumer goods stocks were offset by losses in IT stocks, while investors continued to remain on the sidelines amid uncertainty over U.

Back in April, after announcing the reciprocal tariffs across 60 countries, Trump had warned of Pharma tariffs to be at "never seen before levels."

India has made its best offer to the US on trade and the fate of an interim deal now lies in the hands of President Donald Trump, officials familiar with the matter said.