As traders showed a cautious stance ahead of the announcement of the 2024 federal budget plan, Indian stocks fell for 3 consecutive sessions to $80,459, 97 points (0.1%) lower than the previous day in Tuesday morning trading.
India's federal budget 2024-25 is due to be announced in the National Assembly today, and traders are focusing on reducing taxes for the middle class, creating jobs, infrastructure spending, and maintaining fiscal discipline.
Also, since President Joe Biden abandoned his re-election bid, traders began to focus on quarterly results.
BSE Sensex declined, and Nifty 50 was dragged by metals, oil and gas, healthcare, and durable consumer goods, and fell below 24,500.
The biggest decline was ONGC (-2.6%), followed by Shriram Finance (-2.3%), LTIMintree (-1.7%), BPCL (-1.6%), and SBI Life (-1.3%).

23:00 Existing Home Sales (Jun)
23:00 Existing Home Sales (MoM) (Jun)
23:00 Richmond Manufacturing Index (Jul)

US natural gas futures rebounded from an 8.6% drop in the previous week due to the resumption of Freeport LNG shipments after hurricane “Beryl” and expectations for intense heat, and rose just over 4% to surpass a high of 2.2 dollars/mmBTU for the first time in a week.
Freeport LNG, the second-largest exporter of liquefied natural gas in the United States, stopped operations on the 7th due to the hurricane that hit Texas on 7/8.
The facility reported wind damage, but it has begun to restart, and gas flow is expected to increase from 0.8 bcfd on Sunday to 1.0 bcfd on Monday.
Supply gas flow for US LNG exports will increase 0.5 bcfd to 11.0 bcfd on Monday.
Due to the shutdown of operations, gas flow to major US LNG export plants declined to 11.5 bcfd in July from 12.8 bcfd in June.

Finished a runaway with a relatively good amount of pocket money

Major players think that they don't want to break the shape of the S&P 500's upward trend, so if there is one, a backlash is essential, so it seems suitable for causing a rebound today when the event only has the Chicago Federal Bank Business Index.
There are several brands that seem to be suitable for making mountains here, and it seems like today's Enu will go up...
However, personally, I don't see the current situation where the rise continues, so I plan to wait and take advantage and run away

・Unfavorable weather in fiscal year 24 restricted food production. Tomato prices have risen due to region-specific crop diseases, early monsoon rains, and logistics disruptions. Onion prices soared due to rainfall during the previous year's harvest season which affected the quality of rabi onions, delays in sowing caliph onions, prolonged dry periods that affected production of caliph onions, and trade-related measures by other countries.
・Finance Minister Nirmala Sitharaman submitted the 2024 economic survey to the National Diet today. The survey predicted a real GDP growth rate of 6.5-7% in fiscal year 25, and the risks were balanced. Market expectations are high, highlighting the potential impact of rising geopolitical uncertainty on capital movements.
・The core services inflation rate in fiscal year 24 fell to a low level for the first time in 9 years, and at the same time, the core goods inflation rate also fell to a low level for the first time in 4 years. Durable consumer goods core inflation in fiscal year 24 declined due to an improvement in the supply of major input materials to the industry. This was a welcome change after durable goods inflation gradually increased from FY20 to FY23.
・From a global perspective, India's service exports will be 4 of the world's commercial service exports in 2022...