Indian equities opened flat with Nifty holding 24,850, as Reliance rose 2% on Jio's tariff hike and FMCG foray. Textile stocks rallied after cotton duty removal, while Inox Wind, Reliance Infra and Vedanta also advanced. Pharma stocks slipped on US recalls. Analysts say a bullish setup emerges only if Nifty sustains above 24,900-25,020, with FIIs showing cautious optimism.