EP 22 : | Expiry Day | Tariff Jitters & Volatility Spike | 7 Aug ( Thursday )

The expiry starts on a weak note with Gift Nifty down 69 points around 24,561 — weighed down by continued FII selling and fresh US tariffs on oil imports.

Despite a strong global setup (Nasdaq +1.2%, Dow Futures up), Indian markets are bucking the trend.

Big Headlines:

• RBI kept repo rate unchanged at 5.5%
• U.S. slapped 25% tariffs on key oil-linked imports
• Apple-led tech rally boosted Nasdaq
• Volatility likely to rise into the second half

Global Markets Snapshot:

• Nasdaq: +1.2% | 21,169
• S&P 500: +0.73% | 6,345
• Dow Futures: +146 pts
• Asia: Mixed, with Taiwan leading (+2.28%), while India underperforms
• Brent Crude: $67.50