Global Markets Dip, Gift Nifty Falls; NVIDIA Exports AI Chips to China

• Global markets show weakness: Gift Nifty fell over 100 points, Asian markets mostly lower, and US indices were mixed.
• Market expects two Fed rate cuts in 2026; 87% anticipate a 0.25% cut on December 10.
• NVIDIA received Donald Trump's approval to export H200 AI chips to China, with the US government receiving 25% of sales.
• Donald Trump indicated potential new tariffs on Indian agricultural products, alleging rice "dumping" in the US market.
• Paramount SkyDance Corp made a $108.4 billion bid for Warner Bros. Discovery, surpassing Netflix's offer.

Why It Matters: US policy on AI chips and Indian rice signals major shifts in global trade.