Nifty 50 trades near 23,100; experts weigh factors for 25,000 target recovery

The Nifty 50 index traded around the 23,100 level, having shed about 5% over the past month due to soaring US bond yields, dollar strength, and rising crude oil prices.

Market analysts note that reclaiming the 25,000 target this year will require a moderation in external pressures, foreign institutional investor inflows, and strong corporate earnings.

Technical analysts point to the 100-day exponential moving average near 24,000 as a key hurdle that must be overcome before the index can resume its upward trajectory.