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

Nifty closed at 24,022, up 0.83 percent, forming a sizeable bullish candle and reclaiming its 50-day EMA after a one percent decline in the previous session. Gains were driven by positive Asian cues, lower crude prices on improved Strait of Hormuz traffic, expectations of an imminent India-US trade deal, and sharp declines in bond yields following debt market reforms. Banking stocks rose on clarity around the FCNR(B) deposit swap scheme while IT stocks gained on commentary that Indian vendors remain key implementation partners for enterprise-wide AI adoption; out of 3,396 stocks traded on NSE, 1,735 advanced versus 1,566 declining.