India’s markets are expected to open modestly lower as GIFT Nifty futures trade around 25,450, reflecting a cautious mood. The tech-heavy sell-off overseas and muted Asian cues weigh on sentiment, while domestic supports such as steady inflows by retail investors remain. Foreign institutional investors have logged net outflows for the fourth straight session, though domestic institutions remain net buyers. Analysts highlight that without strong global triggers or domestic earnings surprises, indices may hover near current levels until the next macro/data event kicks in.