**Global Market Brief | February 4, 2026** **📉 Global Sentiment: Tech Stumble & Geopolitics** Global equities face pressure today as a sharp sell-off in US technology stocks dampens sentiment. Investors are reassessing AI valuations, leading to profit-taking in major players like **Nvidia** and **Microsoft** (both down **~3%**). * **Wall Street:** The **Nasdaq** dropped **1.43%** and **S&P 500** fell **0.84%** overnight, driven by fears that new AI tools are disrupting established software pricing power. * **Geopolitics:** Tensions have escalated after US forces downed an Iranian drone, driving capital toward safe-haven assets. **🇮🇳 Indian Markets: Consolidation Ahead** After a massive rally on Tuesday—where the **Sensex** surged over **2,000 points** following the historic **US-India trade deal**—domestic indices are set for a muted or negative start. * **Outlook:** **GIFT Nifty** futures indicate a gap-down opening (approx. **40 points lower**) tracking global weakness. * **Key Levels:** * **Nifty 50:** Closed at **25,728** (+2.55% yesterday). * **Sensex:** Closed at **83,739** (+2.54% yesterday). * **Sector Watch:** * **IT Services:** Likely to face headwinds due to the US tech rout. * **Defense & Aviation:** **Adani Enterprises** is in focus after announcing a helicopter manufacturing partnership with Italy’s **Leonardo**. > **