Ahead of Market: 10 things that will decide D-Street action on Wednesday

Indian equities held onto gains for the second day and ended slightly higher; Nifty closed at 17,770 points. Experts say the prospects of a weak global market put pressure on equities, but investors await US GDP and PCE inflation data to decide on upcoming Fed action. Investors are nervous about the announcement by the Fed on 3 May and expect FOMC to raise interest rates by 25 bps. Among the top gainers in the Nifty pack were Bajaj Finance, Adani Enterprises, Britannia and IndusInd Bank.