Indian shares may face pressure as concerns over valuations and AI investment profitability grow. The Federal Reserve’s interest rate decision in December remains uncertain after a mixed jobs report. Sensex and Nifty hit record highs, supported by foreign fund inflows and Nvidia’s strong earnings. The rupee closed slightly weaker at 88.70 against the dollar. RBI Governor attributes rupee depreciation to trade uncertainties post-tariffs by the U.S. A “good trade deal” could ease pressure on India’s current account. Asian markets decline, gold set for small weekly drop, and oil prices fall on easing Russia-Ukraine tensions. U.S. stocks end lower on weak jobs data, with unemployment rate ticking up to 4.4 percent. Nasdaq and S&P 500 hit over two-month lows, while European stocks rebound on Nvidia’s strong earnings.

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