Gift Nifty experienced a decline of over 1.5% following a significant selloff in the US stock market. The downturn was triggered by strong US jobs data, which raised concerns about the possibility of prolonged higher interest rates. This led to an increase in Treasury yields and a broad-based market decline globally. Indian markets, represented by Dalal Street, are expected to face volatility amid these global and domestic uncertainties. Analysts highlight that investors should monitor developments closely as the economic environment remains uncertain. GIFT Nifty plunged over 1.5% after a sharp selloff on Wall Street, signalling a weak start for Dalal Street on Monday.