GIFT Nifty tumbles 1.5% as US stock market plunges. Will Dalal Street crash on Monday?

GIFT Nifty plunged over 1.5% after a sharp selloff on Wall Street, signalling a weak start for Dalal Street on Monday. Strong US jobs data fuelled fears of prolonged higher interest rates, pushing Treasury yields higher and triggering a broad market decline. Analysts expect volatility amid global and domestic uncertainties.