Stock market news (August 30): Nifty, Sensex poised to open higher tracking positive Asian markets

Stock markets news (August 30): Indian equities are set to start the September series on a positive note as indicated by GIFT Nifty futures that were up by a marginal 0.08 per cent at around 8:16 am. In the previous day's trade, the headline indices clocked gains for the 11th straight time and marked a fresh life time high.

In the earlier longest winning streak, indices marked a 16 per cent gain, while this time the gain on the headline indices is 5 per cent.

FIIs in the previous day's trade bought Indian equities worth Rs 3,260 crore.

Global markets 

The US markets reported robust GDP print for the quarter at 3 per cent which is better-than-expectations.  Dow Jones index has logged fresh highs for three times this week. There is a view that recession is no more a concern in the world's most developed economy.

Most Asian markets at the last count traded higher with the MSCI's broadest index of Asia-Pacific shares outside Japan (.MIAPJ0000PUS), down by a marginal, but set for a monthly gain.

In the overnight trade, Dow Jones ended higher, while S&P 500 index ended unchanged and NASDAQ settled in the red.