Can Nifty 50 touch 25,000 this month? Analysts see bank, auto, IT stocks driving the next leg up

The Indian stock market faced sharp selling on Wednesday after US strikes on Iran reignited geopolitical tensions, with the BSE Sensex falling over 600 points and the Nifty 50 declining nearly 0.8% to slip below 24,200. Despite the decline, the Nifty 50 has gained around 2% so far in July and touched 24,500 earlier, its highest since April, supported by easing crude prices and FII buying. Analysts remain divided on whether the index can scale the 25,000 mark this month, with Bank Nifty, Auto, and IT expected to lead any further upside.