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

Sensex fell 238 points to 77,470 and Nifty 50 slipped around 51 points to 24,188 on Tuesday, while Nifty Midcap 100 and Smallcap 100 gained up to 0.6 percent. Analysts noted midcaps are outperforming on strong earnings expectations but flagged elevated valuations and rising input costs as concerns. Geopolitical tensions escalated after US strikes on Iran, pushing Brent crude above USD 90 a barrel, while Nifty is expected to consolidate in the 23,800-24,350 range with 24,000-24,100 as immediate support.