India's equity benchmarks are likely to open higher on Wednesday following U.S. President Donald Trump's remark that the world's largest economy could reach a trade deal with India. U.S. Treasury Secretary Scott Bessent has indicated that both nations are nearing an agreement that would help India avoid sharp tariff increases.

Donald Trump's July 9 deadline draws near as countries scramble to avoid steep US duties. India, on the verge of a deal, resists US pressure on GM crop imports.

As anticipation builds over an interim trade deal between India and the United States, President Donald Trump has signalled a fresh salvo in his aggressive trade policy. Speaking on Thursday, Trump revealed that Washington would begin dispatching letters to nations worldwide,