Markets brace for volatility on August 7 after Trump hiked tariffs on Indian goods, putting pressure on exporters of textiles, leather, shrimp, and gems. Q1 earnings from Titan, HPCL, and LIC are due, with stocks like Bharat Forge, Eternal, Raymond, Hero Moto, and BHEL in focus. Semiconductor, pharma, and IT stocks may show resilience amid trade tensions and mixed earnings.