**Global stocks tanking, India might catch the cold too**



Indian markets riding high yesterday—Sensex and Nifty both up ~0.5% near record levels, thanks to foreign funds flowing back and Nvidia's monster earnings. But here's the plot twist: U.S. jobs data just got messy. September added only 119k jobs (way below the 50k forecast), and unemployment jumped to 4.4%—highest since 2021. Nasdaq down 2.2%, S&P 500 down 1.6%, so yeah, the "Nvidia rally" got murdered overnight.

Asia's bleeding this morning. Oil sliding on Russia-Ukraine easing. Dollar gaining on rate cut doubts—Fed now looking less likely to cut in December. The rupee? Weakened to 88.70, but RBI chief says it's all Trump's tariff chaos, not fundamentals. Foreign investors grabbed Rs 284 crore yesterday, domestic funds grabbed Rs 824 crore—so there's still some bid underneath.

Bottom line: AI hype met reality check. Stretched valuations + weak labor data = recipe for another red day. Watch if Indian flows dry up.
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