Morning Asia @ 7 AM – Friday, August 8th 2025 # Gift Nifty is indicating a cautious start for the benchmark Nifty. # That brings us to our call of the day which suggests volatility is likely to be the hallmark of the day, as the benchmark is most likely to open a bit lower but the good news is that downside for the day is likely to be well supported. # Blame it on President Donald Trump’s latest announcement on the new tariffs against India, designed to penalize it for buying oil from Russia. # India getting the rough end of Trump’s trade war! # We will spy with one big eye if the Nifty is able to claw out of its red start and take over the tariff hike in its stride. # Helping sentiments this Friday morning are improving leads from Wall Street and Asian stock markets which suggest Fed Governor Christopher Waller is a leading contender to head the US central bank, bolstering market bets on a September rate cut. # Bottom-line: Nifty is likely to consolidate with bulls praying that Nifty does not slip below its major inter-week support placed at 24344 mark. # 7:00 AM GLOBAL UPDATE: GIFT Nifty 🇮🇳: (-46, 24649) Dow Futures: (+116, 44085) Nasdaq 100 Futures (+76, 23466) Nikkei (+821, 41881) Hang Seng (-113, 24968) Dow Jones (-224, 43960) Nasdaq Composite (+73, 21243) Bovespa (+1990, 136528) WHAT HAPPENED AT WALL STREET IN OVERNIGHT TRADE: # Nasdaq notches a record high in Thursday’s trade while the Dow Jones and the S&P 500 end in red as tariffs start to kick in. # The biggest positive catalyst in overnight trade at Wall Street: According to CME FedWatch, traders now see a 91–93% chance of a 25 bps Fed rate cut in September. # Gold prices ($3390 per ounce) trades firm, the highest in two weeks driven by rising expectations of a Federal Reserve rate cut as well as safe-haven demand. # WTI crude oil futures were seen trading with negative bias at the $63.50 per barrel after OPEC+’s decision to raise output and growing geopolitical uncertainty. Disclaimer/ Disclosure: The investments & trading ideas recommended in the market analysis, research reports, etc. may not be suitable for all investors. This article or data points does not construe investment advice as stock market investments are subject to market risks so please refer to your financial consultant advice before Investing or trading. All information is a point of view, and is for educational, Learning and informational use only. The author or the group admin accepts no liability for any interpretation of articles or comments on this platform being used for actual investments. Registration granted by SEBI and certification from NISM in no way guarantee performance of the intermediary or provide any assurance of returns to investors. Investors must make their own investment decisions based on their specific investment objectives, goals and financial position only after consulting with registered market intermediaries. 🇮🇳 🇮🇳 🙏🏻