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

Indian equities faced selling pressure as West Asia tensions pushed crude oil higher and the rupee breached 96 per dollar, with auto, financials and realty leading the decline while pharma outperformed on defensive buying. Softer US CPI data lifted Wall Street, with Goldman Sachs gaining 6.5 percent and JPMorgan adding 1.8 percent on strong quarterly results, though IBM tumbled about 24 percent on weak revenue guidance. Nifty 50 remained range-bound with immediate support at 23,950 and resistance in the 24,250 to 24,300 zone.