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

U.S. tariffs and their potential impact on the global economy continued to dampen sentiment.

The benchmark BSE Sensex lost 72.56 points or 0.10% to close at 74,029.76, while the broader Nifty 50 index closed at 22,470.50, lower by 27.40 points or 0.12%.

Here's how analysts read the market pulse:

Persistent uncertainties surrounding global trade and the fear of a U.S. recession continue to influence the domestic market's momentum, said Vinod Nair, Head of Research at Geojit Financial Services, adding that despite the stabilisation in valuation to the 5-year average and signs of improvement in urban and rural demand, investor risk appetite remains subdued.
“Today's key concern is whether the ongoing correction happening in the US market can spill over to the global market. The US market is under pressure from weakening economic data and uncertainty over tariff policy,” said Nair.

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The benchmark S&P 500 and Nasdaq climbed on Wednesday as data showed slowing U.S. inflation, though concerns lingered over the economic impact of President Donald Trump’s trade policies.A Labor Department report revealed that consumer prices rose less than expected in February. However, this improvement is likely temporary due to the backdrop of aggressive import tariffs.

Traders maintained bets that the Federal Reserve will implement a 25-basis-point rate cut in June, according to LSEG data, while the central bank is