Stock market news (August 30): Nifty, Sensex poised to open higher tracking positive Asian markets
Indian equities are likely to open in the green as indicated by global positive cues and GIFT Nifty futures movement.
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.
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.