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

Indian equity markets staged a moderate rebound led by mid and small-cap stocks, with realty and PSU banks recovering from recent corrections, though investors remained watchful of geopolitical tensions between the US and Iran and the US Fed minutes flagging renewed inflation concerns. The Nifty formed a bullish harami pattern just above the 50-day EMA, with immediate resistance at 24,200 and support at 23,900. On Wall Street, the Philadelphia SE Semiconductor index gained about 5%, while most active stocks on NSE in value terms included Kalyan Jewellers, HDFC Bank, Bharti Airtel, L&T, ICICI Bank, and Reliance Industries.