As global capital flows respond to the gravitational pull of rising US interest rates and a retreating Wall Street, India's markets find themselves once again reminded that no economy, however domestically resilient, is an island. On the morning of September 24, 2026, GIFT Nifty's near-190-point overnight decline signals that Indian investors will open their trading day already behind — a gap carved not by local failure, but by the tremors of distant decisions. It is a familiar tension in the modern financial order: the fate of emerging markets shaped as much by the Federal Reserve's deliberat