GIFT Nifty traded lower at 25,604.5 on October 17, reflecting investor caution as Asian markets slipped and Infosys posted moderate Q2 earnings. The index opened at 25,590.5, rose briefly to 25,712, then dropped to a low of 25,579 early in trade. Market participants flagged weak global cues and company-specific results driving the subdued start in India’s offshore derivatives. The movement suggests limited upside expectations until stronger triggers emerge.