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

Indian equity markets continued their recovery, driven by optimism over a potential US-Iran de-escalation and softening crude oil prices, with a broad-based rally led by IT, realty, FMCG, and oil & gas sectors while metals lagged on global price pullback. Nifty 50 sustained above its 20-hour EMA, indicating a positive short-term trend, with immediate resistance at 24,070-24,200 and support at 23,900. Investor focus now shifts to the US Federal Reserve's policy decision, where rates are expected to remain steady at 3.50-3.75% but forward guidance from the new Chair will be closely watched.