Nifty closed flat at 25,212 amid cautious trade as investors await Q1 results and US-India tariff clarity. PSU banks rose 1.8%, IT 0.6%, while metals and pharma declined. SBI gained on bond plan; ITC, Wipro, Biocon, Dixon advanced on strong triggers. Retail sentiment on Nifty remains bearish. Global cues mixed; oil prices rebounded.