New Delhi, Oct. 30 -- On 29 October, the benchmark indices rebounded, reversing prior losses as broadbased buying lifted the Nifty 50 above the 26,050 mark. The market opened slightly higher and gained momentum through the session, buoyed by optimism ahead of the US Federal Reserve's policy decision and hopes of a trade agreement between India and the US.

Strong thrust to the upside has clearly established once again some positive charge in the market. While we await the results of the US Federal Open Market Committee's meeting, the way ahead seems to be to look at some steady buying opportunities as the corporate results season unfolds. A strong upmove with a buy on dips can be considered in the days ahead.

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