Indian equities stayed flat as L&T's gains from strong earnings were offset by U.S. Fed and tariff concerns.

• Nifty rose 0.08% and Sensex 0.04%, with mid- and small-cap indices showing little movement in early trade.
• L&T surged 4% after beating profit estimates, emerging as the top Nifty gainer despite weak sector-wide earnings.
• Caution persisted due to Fed policy uncertainty and potential 20–25% U.S. tariffs on Indian exports from August 1.