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

Indian equities saw a sharp risk-off session with Sensex crashing around 1,248 points to 73,581 and Nifty 50 dropping 384 points to close at 23,063. Broader markets fell harder, with Nifty Midcap 100 plunging over 2% and Nifty Smallcap 100 down 1.5%. The selloff was triggered by global headwinds: US 10-year Treasury yield rising to about 5.11%, Brent crude staying above $100 a barrel amid Middle East tensions, and the 30-year US Treasury yield hitting its highest since 2004, collectively raising concerns on inflation, borrowing costs and the pace of global monetary easing.