Nifty Falls Below 23,000; Experts Predict Drop to 21,000

The Nifty 50 index has decisively fallen below 23,000 after trading between 23,000 and 24,000 for over a month. Experts cite rising US 10-year bond yields above 5%, high crude oil prices, and weak monsoon forecasts as key factors pressuring the market. These conditions raise inflation concerns, potentially impacting industrial margins and government finances, with predictions of further declines to 21,000 levels.

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