Ahead of Market: 10 things that will decide stock market action on Monday

Indian equity benchmarks snapped a five-session winning streak on profit booking, dampened by the cancellation of US-Iran peace talks and a sharp correction in IT stocks after Accenture's softer outlook raised concerns over discretionary spending. Technically, Nifty closed above 24,000 on a weekly basis and continues to trade above its 50-DMA at 23,840, keeping a gradual move towards 24,400 intact, with analysts recommending a buy-on-dips strategy supported by comfortable oil prices and H2FY27 earnings revival expectations. India VIX fell 13 percent during the week to below 13, and global cues were mixed with US markets closed for Juneteenth and European indices ending lower on geopolitical caution.