''Any sharp dip in the market like the recent correction should be ECB current account utilised for building the long term equity portfolio as the medium to long term outlook remains positive,'' said ICICIdirect.

''Domestic markets closed positive after the Union Cabinet approved a constitutional amendment bill on goods and services tax (GST). Also, some support came after the Asian Development Bank said India is on track to achieve the projected 5.5% growth rate in 2014-15 ,'' it said.

''US markets closed higher as a positive reaction to the Federal Reserve's monetary policy announcement continued to contribute to strength on Wall Street,'' it added.

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