Indian stock markets opened flat on Monday as investors stayed cautious ahead of the US tariff deadline. Uncertainty around US President Donald Trump's next move on trade policy has kept global investors on edge, with markets reacting to developments around the July 9 deadline.

The Nifty 50 index opened at 25,439.40, showing almost no change, while the BSE Sensex was also trading flat at 83,371.63, down by 61.26 points or 0.07 per cent.

Market expert Ajay Bagga told ANI that President Trump is now likely to focus more on tariffs and trade. He said, "Big picture for this week and July is that Trump's focus moves back to tariffs and trade. Trump has triumphed in getting his "One Big Beautiful" tax and spending bill passed by the US Congress. Now he will focus on tariffs. There is constant news flow on this front and we expect many reversals."