The Indian stock market experienced a notable rise last week, with the Nifty 50 index climbing from ₹22,713 to ₹24,050, a gain of 1,337 points or nearly 6%. Despite this positive movement, market analysts express skepticism about the index surpassing the 25,000 mark due to several challenges. Key hurdles include ongoing geopolitical tensions, particularly regarding the US-Iran ceasefire, which, while temporarily stabilizing sentiment, does not guarantee lasting peace. The crude oil market remains volatile, with prices expected to stay elevated due to supply constraints, which could hinder India's economic recovery by maintaining inflationary pressures. Additionally, hawkish central banks are likely to restrict liquidity, further complicating growth prospects. Supply chain issues, especially around the critical Strait of Hormuz, and persistent selling by foreign institutional investors (FIIs) indicate a lack of confidence in the market's upward trajectory. Experts suggest that for the Nifty 50 to break through the 25,000 barrier, a combination of reduced crude prices, increased FII inflows, and improved earnings momentum is essential. Until these factors align, the market is expected to remain in a relief phase rather than a breakout phase.