Expect the Nifty to climb 18,000 soon: Harsh Patidar, CapitalVia

Indian benchmark indices were trading near the day’s high in the afternoon session m with the Sensex trading at 59,293, up 528 points, while Nifty index was at 17,677 level, up 145 points. In the broader markets, the Mid and SmallCap indices were up more than 1% each. Here’s a quick market update on what’s fueling the market mood today.

Harsh Patidar of CapitalVia Global research shared his views on markets and said that supportive global cues and the expectation of better earnings growth has been behind lifting the market sentiments. He also believes that Nifty will climb the levels of 18,000 soon.

“Pharma and auto sectors will take the lead going forward in the next leg of the rally, he said.

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