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

Domestic market remained in consolidation, trading in a narrow 23,850 to 24,050 range on the Nifty as monthly F&O expiry played out. IT sector emerged as the primary drag, while concerns over a worst-in-a-decade monsoon deficit and fragility in the US-Iran peace deal weighed on sentiment; these were partially offset by stable crude prices, a steady rupee, and moderation in FII outflows. Globally, Wall Street headed for its strongest quarterly gains in years, with the S&P 500 and Nasdaq set for their best quarter in six years, while the STOXX 600 was up 1.1 percent.